Does anyone know if Intelius is still planning on doing an IPO, even after it has been revealed it is a scam?
Stefanie asks:
The lid was blown off their scam by a great piece of investigative journalism: http://www.techcrunch.com/2008/05/29/naveen-jains-intelius-prepares-to-go-public-how-much-of-their-revenue-is-a-scam/
The lid was blown off their scam by a great piece of investigative journalism: http://www.techcrunch.com/2008/05/29/naveen-jains-intelius-prepares-to-go-public-how-much-of-their-revenue-is-a-scam/
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Reuters reported that Intelius, Inc. plans an initial public offering (IPO) to raise up to $143.75 million. Intelius said it applied to Nasdaq to list its common stock on that exchange under the symbol INTL.O. Underwriters of the offering are Deutsche Bank Securities, Bear Stearns & Co, CIBC World Markets and Cowen and Co.