Online retailer DVD Express’ Initial Public Offering (IPO) was well under way and the company’s shares were expected to get priced last week when last night news came in that DVD Express has postponed its IPO due to recent market conditions.

DVD Express proposed for the NASDAQ symbol DVDS and was trying to raise some $54 million. The company was expected to offer 4.5 million shares and their price was expected to be between $10 and $12 dollars.