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News Link • Corruption

Goldman, ABN misled investors during IPO: court

• Reuters
ABN AMRO, Goldman Sachs and World Online misled investors during the 2000 initial public offering (IPO) of the Dutch Internet provider, the Dutch Supreme Court ruled on Friday.

The listing of World Online in March 2000 was the biggest Dutch Internet IPO at the time, valuing the company at 12 billion euros ($18 billion). The stock plunged after it became known that World Online's chief executive had sold shares far below the IPO price before the stock was floated.

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