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Disclosure of use of IPO proceeds - better rules needed

Thursday, August 7, 2014 - 06:00

IT is not unreasonable for an investor in an initial public offer (IPO) to be told clearly where his or her money is to be deployed. It is not unreasonable to expect this disclosure to be couched in terms that are easy to understand, say in terms of $1 invested. Since offer documents always run

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