Corporate Department co-chair Mel Cherney was quoted extensively in an Inc. article regarding the strategic value of confidential IPOs and how they can be used to add competition and drive up price when perusing a sale.
“You're telling buyers you have another option,” said Cherney. “That is to just take the thing public.”
However, Cherney is doubtful that many private companies are actively using confidential IPO filings as a marketing tactic.
He commented, “If I'm selling my company, I'm going to hire a banker, get it out to the right group of buyers and start an auction.” Cherney added, “I might also file an IPO as part of the process, but not to drive the possibility of someone picking up the phone and calling me because they saw my press release.”
Also of Interest
- Bloomberg Business: Moriarty Returns for “Taking Stock” ETFs & Bitcoin Podcast September 22, 2016 • Media Mentions
- Axford and Williams Discuss UK Influence on EU Banking Rules in Law360 September 21, 2016 • Media Mentions
- O’Keefe Featured in the Daily Journal on the 2016 Proxy Season September 15, 2016 • Media Mentions
- Pro Bono Team Advances CodeEd’s Comp Sci Efforts for Coeds September 14, 2016 • Client Successes
- SEC Proposes Exhibit Hyperlink Requirements September 8, 2016 • Client Alerts
- Consumer Products: Adapting to Innovation Fall 2016 • Reports / Newsletters
- ILS and Zinsser Analytic Shareholders Sell to Gardner Denver Medical September 2, 2016 • Client Successes
- Kaye Scholer Secures Dismissal of Merger-Related Class Action Against Baltic Trading September 1, 2016 • Client Successes
- Kaye Scholer Advises Veracen on Merger of Equals with Turner Investments August 31, 2016 • Client Successes