
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.
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.
Class action lawsuit accuses software firm of predatory lending practices.
The alternative asset class investor is said to be gearing up for an upcoming public offering.
Direct listing would allow companies to sell shares in opening auction on first day on exchange.
Complaint alleges firm misled investors over migraine medicine.
Lagging share price vexes PE kingpin, who says investors just don’t understand the firm.
Proposition would allow businesses to solicit institutional investor interest before filing an IPO.