calvoiper
join:2003-03-31
Belvedere Tiburon, CA
| reply to DownLow
Re: IPO or not; can Vonage compete cable & telco c
...a close read of the linked SEC press release reveals that Citron was barred from associating with any broker or dealer and was barred from violating securities laws and regulations. If he had been barred from serving as an officer of a public company also, that would have been mentioned. Legally, he can do it.
If your point is that his background alone is a deal killer, without an actual legal prohibition, I'm not at all sure that I agree.
calvoiper
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VoIP--the death knell of remaining voice monopolies! |
DownLow
Nope...I Got Nothing
Premium
join:2001-04-25
Long Island
| reply to TKJunkMail
They aren't going public with their current CEO - who no doubt isn't going anywhere.
I would bet that they don't go public, this is just a ploy to send a signal to the public that they are interested in a transaction (i.e., buyout). If they actually get public, it will not be a hot deal for all the reasons posted already about competition, CEO's background, etc. Also, I am sure they are looking to provide liquidity to its early-stage investors, so if they get public, not only have they given these investors a good return on their investment (a public market multiple is sure to be higher than a private valuation), they can cash out via open market transactions - or even a sale of the company.
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Cleverly Disguised As A Responsible Adult! |
