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Entrepreneur law blog (blawg) of Pittsburgh strategic business and technology attorney Anthony Cerminaro, focused on small business, venture capital, entrepreneurship, technology and other items of interest to entrepreneurs, startups and emerging growth companies
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Posted Sunday November 19, 2006, 7:59 am, Over one day old
"In a carve-out a company will sell a small stake (usually less than 20%) of a division in an initial public offering, while keeping the rest.
Generally, the company will eventually sell the remaining shares in the open market or otherwise divest itself of the remaining stake at some later date.
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