Forced Public?

04/30/2004 Mises Wire Jeffrey A. Tucker

Why did Google go public? “They have no choice,” says the Christian Science Monitor. “A 1934 law requires that any private company that reaches a certain size must provide its operation figures and finances to the federal government. Google passed that threshold last year and needed to comply by Thursday, according to reports. An initial public offering (IPO) of stock is expected to follow.” [Thanks Kent Snyder]

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