TorrentFreak reports Megaupload was preparing to go public when the US shut down the file hosting website:
Before Megaupload was shutdown the company was preparing to go public and enter the US stock market with a multi-billion dollar IPO. While the US authorities were conducting their criminal investigation, Megaupload had discussions with some of the ‘Big Four’ auditors and several of the world’s largest investments banks. The top of the financial world was looking at a huge potential tech IPO with a billion dollar valuation, but these plans ended abruptly in January.
According to a US indictment, Kim Dotcom and the rest of the “Mega Conspiracy” were running a criminal operation.
They are accused of engaging in a racketeering conspiracy, conspiring to commit copyright infringement, conspiring to commit money laundering and two substantive counts of criminal copyright infringement..