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And leave the G round investors, who put in $950 million in January (http://www.businesswire.com/news/home/20110110006746/en/CORR...), holding the bag?

It doesn't seem like something they'd do deliberately.

Yes, that makes it interesting. Which is better for previous investors: IPO bomb or another private market raise?

Can they go back and raise another private round? Who would buy in, with IPO off?