Billed as the world's market, Webvan Group Inc. has something for everyone - including a horror story lawyers can use to scare clients into behaving during the IPO process and a spotlight for regulators to flash as they stump for market reforms. The flap surrounding the delayed initial public offering for the California-based online supermarket comes at a fortuitous time for the Securities and Exchange Commission. The agency will likely tap into the momentum for change in the wake of Webvan's actions.
October 21, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Billed as the world’s market, Webvan Group Inc. has something for everyone — including a horror story lawyers can use to scare clients into behaving during the IPO process and a spotlight for regulators to flash as they stump for market reforms.
The flap surrounding the delayed initial public offering for the Foster City-based online supermarket comes at a fortuitous time for the Securities and Exchange Commission.
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