Avoiding Common Mistakes in Initial Public Offerings

摘要

Issuing an IPO is driven by the desire to gain access to readily available capital in the public markets-not to mention the prestige and wealth awaiting founders of companies that aresuccessful. But going public also involves increased responsibility for disclosure and guidance requiring quality compliance counsel, says Vinson & Elkins’ Matthew J. Jacobs, co-chair of thefirm’s government investigations and white collar criminal defense practice.The federal judge in the upcoming criminal trial of Theranos founder Elizabeth Holmes ruled that the Justice Department could introduce evidence of Holmes’ lavish lifestyle, todemonstrate her alleged motive to commit fraud: money. Holmes stayed in upscale hotels, wore expensive clothes, and liked to hang out with the rich and famous. In that way, she washardly different from other high-flying CEOs who, the court noted, are known to live a different lifestyle than most people.