Word: mabon
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Dates: during 2000-2009
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With five companies and $100 million in sales, Ledecky tried to secure financial backers to take the company public with a so-called “poof” Initial Public Offering, or IPO. But again, he faced rejection: the first 40 firms said no. When the 41st firm, Mabon Securities, finally agreed to back the company, Ledecky went to Fidelity Investments for financing...
...When Mabon went under within a month, Ledecky convinced Robert E. Grady ’79, also a Crimson editor and whom he knew from The Crimson sports cube, to convince his firm, Robertson Stevens, to back U.S. Office Products...
Starring Bill Mabon...