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The company was about to be regulated as a public company whether it had an IPO or not. If the company has more than a certain amount of revenue and at least 500 stockholders, the SEC can require it to do all the filings that a public company has to do.
Since it would have to reveal its financial number and corporate strategy (at least in general terms), it might as well rake in the $2.7 billion for its trouble. - Posted by: Font Posted on: 04/29/04 You are currently: a Guest | Members login | Terms of Use
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