Public Exits

Pogo Jet Inc., a Chicopee, Mass.-based on-demand jet charter service focused on the East Coast, has canceled its proposed IPO. The company had postponed the offering nearly a year ago, due to “market conditions.” It was aiming to raise upwards of $115 million, with W.R. Hambrecht serving as lead underwriter (via its OpenIPO process). Backers include Tiger Partners (30.82 percent stake), Village Ventures, Worcester Capital Partners and Long River Capital Partners. Pogo Jet’s service is expected to launch later this year.