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Category: IPO

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Walgreens Deal Leads Parade of Take-Private Transactions

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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

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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

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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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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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Nasdaq, NYSE Propose Aligning Deadlines for SPAC Mergers, Delistings

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The quest for uniformity between the major U.S. stock exchanges when it comes to mergers of special purpose acquisition companies took an interesting turn this week. First, a primer on recent events for the uninitiated. SPACs are shell comp...

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