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Category: IPO

Large bell in Dover, Delaware

Delaware Lawmakers Approve Polarizing Overhaul of Corporate Statute

Large bell in Dover, Delaware

For a state small in population and size, Delaware has surprisingly many claims to fame. Known as “The First State” for ratifying the U.S. Constitution before the others in 1787, former President Joe Biden and his family have called Delawar...

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Walgreens Deal Leads Parade of Take-Private Transactions

parade crowd

Flu season has hit the United States with a vengeance this year. The Centers for Disease Control and Prevention is reporting sharp year-over-year increases in its estimates of indicators such as flu-related hospitalizations for the 2024-202...

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SEC Goes After “Fake It Till You Make It” Fraudsters

green screen on movie set

In 2022, a jury convicted Theranos Inc. founder Elizabeth Holmes of perpetrating an audacious fraud against investors in her blood-testing company that turned the Stanford University dropout into a billionaire in her early 20s. Her story ha...

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5 Questions Raised by OpenAI’s For-Profit Shift

five hands raised

Arguably one of the least nonprofit of nonprofit entities to ever exist, OpenAI’s transition to a for-profit company began in earnest with last week’s announcement that it has raised $6.6 billion in venture capital funding. OpenAI has opera...

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DNA double helix

Mass Resignation of 23andMe Directors Caps Year Beset by Board Drama

DNA double helix

In the latest example of board-related drama in a year riddled with it, embattled genetic testing company 23andMe was dealt yet another blow last week when all seven of its independent directors resigned en masse over disagreements about th...

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