Regulation
Investment Firm Head Sentenced to More Than 7 Years in Prison for Pre-IPO Fraud
Fred Elm falsely told investors they could invest in Twitter, Alibaba, and Uber prior to their IPOs.
Tag: IPO
Are SPACs Too Good to Be True?
The blank check outfits sure are popular. But issuers have the upper hand over investors, performance is a mixed bag, and they face possible tough competition.
Regulation
Norwegian Internet Company Opera Sued over ‘Misleading’ IPO Documents
Class action lawsuit accuses software firm of predatory lending practices.
Market Moves
StepStone Group Assembles Underwriters for Upcoming IPO
The alternative asset class investor is said to be gearing up for an upcoming public offering.
Regulation
Proposal Denied! SEC Rejects Plan to Allow New Capital Raises Through Direct Listings
NYSE’s new idea hits a roadblock.
Market Moves
NYSE Proposes New Method for Companies to Raise Capital When Going Public
Direct listing would allow companies to sell shares in opening auction on first day on exchange.
Market Moves
Petraeus: Saudi Arabia Is Running Out of Money
The former CIA chief says the oil company's upcoming IPO is needed to bridge the gap.
Risk
ElectroCore Faces Class Action Headache
Complaint alleges firm misled investors over migraine medicine.
Regulation
SEC Finalizes ‘Test-The-Waters’ Policy Expansion, Allowing Companies to Solicit Investor Interest Before IPOs
New rule removes Obama-era revenue cap of <$1 billion for companies to solicit investor feedback before going public.
Market Moves
Apollo’s Leon Black Laments Going Public
Lagging share price vexes PE kingpin, who says investors just don’t understand the firm.
SEC Proposes to Expand Obama-Era ‘Test-the-Waters’ Modernization to All Businesses
Proposition would allow businesses to solicit institutional investor interest before filing an IPO.