Massachusetts-based investment company, Aveon Group, has postponed its plans to launch a $235 million IPO, The Wall Street Journal reports. The company, which plans to buy stakes in nine hedge funds, is seeking to alter its tax structure before the IPO.

Aveon was planning to sell 15.7 million limited partnership units at a price of $14-16 each. The IPO was proposed to be listed on the New York Stock Exchange.

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