Plans for a Fender Guitar IPO were scrapped on the brink of the launch apparently over concerns that going public could get an off-key welcome due to ongoing uncertainty about the economy.  The Scottsdale, Arizona based manufacturer of electric guitars Leo Fender founded in 1946 had hopes that the Thursday (7/19) IPO could pump up to $150 million into the company.  The company behind guitars strongly associated associated with guitarists ranging from novices to the greatest to ever play the instrument managed to sell nearly 3/4 of a billion dollars worth of equipment over a 12 month period ending in April of this year.
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