While Others Look for Sale, People’s Choice Seeks IPO
September 1, 2006
At a time when many of its competitors are looking to merge with deep-pocketed investment banks or depository intuitions, People’s Choice Financial Corp. wants to go public. The two-year-old real estate investment trust laid out its plans in a mammoth 260 page document filed in June with the Securities and Exchange Commission. “No public market currently exists for our common stock, and our common stock is not currently listed on any national exchange or market system,” People’s Choice said...