Citing marketing conditions, HOB Entertainment Inc. has withdrawn a planned $100 million initial public offering of its stock.

The company filed a registration statement with the Securities and Exchange Commission in March. The once-hot IPO market has largely cooled in the ensuing months, however.

HOB Entertainment owns the second largest concert-promotions firm in North America, seven House of Blues clubs and a new media division that streams free and pay-per-view content via its website.