How AuditBoard went from a potential IPO to a $3 billion takeover by private equity firm Hg in just two months

How AuditBoard went from a potential IPO to a $3 billion takeover by private equity firm Hg in just two months

Getty; BI

Not 24 hours after Scott Arnold left a Morgan Stanley conference, where he had gone to drum up investor enthusiasm for AuditBoard, the startup he ran, an unexpected email hit his inbox as it weighed an IPO.

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