Canada's Nelvana, Keystone hit IPO hurdles

Two Canadian entertainment companies have cut back or withdrawn public offerings as market volatility continues to unbalance North American stock exchanges. Toronto-based animation house Nelvana Ltd has trimmed back the number of shares in a US public offering from a proposed 3.75 million shares to 2.5 million. The shares, priced at $15.40 each, will realise $33.3m, less than $19.2m of the original amount sought.Meanwhile, Vancouver-based children and youth entertainment company ...