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It should be interesting to see how this affects their upcoming IPO as well.
by uncomputation 5y ago
It should be interesting to see how this affects their upcoming IPO as well.
- deleted 5y ago[deleted]
- vmception 5y agoTypically settling before market listings is seen as favorable by investors. Investors don't have insight into the gravity or magnitude of pending regulatory issues or their costs. Settlements can involve completely governance changes into a company or share structure, so by getting them out of the way, specifically with money, gives confidence to investors. Doesn't mean "stock goes up", it just means more investors will provide liquidity than before. Pending litigation and regulatory issues can completely derail a liquidity event.