Brau, James C.; Sutton, Ninon K.; Hatch, Nile W. - In: Journal of Business Venturing 25 (2010) 4, pp. 389-402
We investigate two non-traditional harvest strategies for selling a privately-held company. Dual-track private firms file for an IPO while also courting acquirers. These firms withdraw the IPO to be taken over. Dual-track public firms complete an IPO and are taken over shortly thereafter....