Investors Warn Unicorns: Share Info Evenly or Get Sued

Listed companies must give all investors the same important information at the same time. Private companies have more leeway. But an explosion of “unicorn” startups valued over $1 billion and more opportunities for smaller investors to buy and sell stakes has made the market for pre-IPO companies more like the public equity market. As a result, investors are pushing for startups to behave like their publicly listed counterparts. Even the Securities and Exchange Commission is starting to poke around. Read More>>

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