They shelved the IPO because Gibson will buy them. It's a secret, but Henry J. told me. After the takeover, the Precision will be rebranded - in line with Gibson tradition for budget brands such as "Kalamazoo" - Corona B I and the Jazz Bass Corona B II. Use of maple will be gently faded out, surplus maple confiscated and transported to Nashville for baking and subsequent conversion into fretboard wood.
There will be a few select reruns of Fender models as "Fender by Gibson" from the Gibson Custom Shop, albeit with improvements such as TB Plus pups, set neck, 2+2 tuners and maho wood construction. With each bass, four bolt-on screws will be separately packed in a velvet bag captioned "Fullerton Venerable Relics" and a personal commemorative note of Henry J. how "Jesus was bolt-on too, but times move on".