Awards for Excellence 2002
Citigroup
Bankers need to be much more sure of themselves these days if they want to take an internet company public – especially one that doesn’t make any money. But that is precisely what Citigroup was preparing to do in February for online payments firm Paypal. One extra sticking point was that the firm faced lawsuits for potential copyright infringement. Then, one day before the scheduled launch, Paypal’s major competitor upped the ante by seeking a cease-and-desist order.
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