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I'm always curious why it's seems it's always this Hail Mary play, in attempt to win the lottery. It's betting on a future, and the future is unpredictable. "
by justinator 11y ago
I'm always curious why it's seems it's always this Hail Mary play, in attempt to win the lottery.
It's betting on a future, and the future is unpredictable.
"Too Big To Fail" is not the terminology I would ever want towards something I develop - I think Titanic.
I understand that businesses do not start out profitable from the get go, but $700 million in debt?
- narrowrail 11y agoFirst Data, the largest merchant acquirer (spun out of AMEX years ago) is going public on Thur. with $18B in debt. They were taken private 7 years ago for $30B. Go figure. Edit: Here's First Data's S-1: http://www.sec.gov/Archives/edgar/data/883980/000119312515334479/d31022ds1a.htm http://www.sec.gov/Archives/edgar/data/883980/00011931251533...
- hkmurakami 11y agoWell that sounds like a classic LBO style series of events, which should be in a separate category from IPOs that are reached through somewhat more natural means.