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The company believed it was ready for an IPO, but all the potential IPO investors disagreed after reading the S-1 and doing some diligence. In a sense the syste
by jartelt 7y ago
The company believed it was ready for an IPO, but all the potential IPO investors disagreed after reading the S-1 and doing some diligence. In a sense the system worked well in that regard.
The big issue was with the private investors letting the CEO do whatever he wanted and pushing the valuation up very high.