April 2018 AT&T Cancels IPO for DirecTV Latin America Unit.
The Downside of Going Public
Once a company goes public, its finances and almost everything about it, including its business operations, is open to government and public scrutiny. Periodic audits are conducted, and quarterly and annual reports are required. Company finances and other business data are available to the public, which can sometimes work against company interests.
suspending the IPO came a day before the new stock was scheduled to begin trading on the New York Stock Exchange under the symbol “VRIO.” Last week AT&T said in a filing that it expected the Vrio IPO to raise up to around $650 million.
“AT&T Inc. has decided to withdraw its planned initial public offering of shares of Vrio Corp.,” the telco said in a brief statement Wednesday. “The company made this decision based on current market conditions
Fastforward to September 2020 Apollo Global Management would they take these toxic assets from AT&T'S hands?