New Law Would Allow Companies Like Facebook To Stay Private Much Longer
While yesterday brought news that Facebook is courting bankers for an upcoming IPO, CEO Mark Zuckberg has always be publicly coy about the idea of entering the public markets.
A new bill proposed by Reps. David Schweikert (R-AZ) and Jim Himes (D-CT) would amend the Securities Exchange Act of 1934, setting aside a number of limitations that push fast growing tech companies to IPO. Read More
