Online Auctioneer Refiles for Initial Public Offering

Online auction company Dovebid Inc., which withdrew an $80 million initial public offering in April because of what it termed “market conditions,” has filed for a $60 million IPO, according to wire service reports.

With 14 business acquisitions since Dec. 1999, the Foster City, CA-based firm plans to use the money for general corporate purposes, including working capital and potential acquisitions.