4 ms·

I feel like this point could’ve been made stronger without all the resentment

• eropple 7y ago
  A certain level of moral dismay is not exactly unwarranted around stuff like this, is it?
• caprese 7y ago
  no resentment from my end best way to play the stock, bond and crypto markets is from the issuer side, and a lot of people don't seem to understand that and media seems to play the role of getting people to not understand and I think it is weird they only talk about the chances for the retail/secondary market perspective, dressed up as analysis
  • refurb 7y ago
    Are you arguing that the banks that work on the IPO shouldn't make any money off it?
    • caprese 7y ago
      why do you think I'm arguing anything? thats what you got out of that? be an issuer or a bank and sit it out if you aren't. lets see, if I was arguing anything it would be that the media should talk more about the deal flow itself and pretty much ignore secondary market trading, showcasing the convenants of the deal in comparison to other deals. How about celebrating with the underwriters and profile the MD who worked on the deal - if we are putting large public deals on a pedestal - lets pop champagne with the people that actually made money and stop pretending like the secondary market price even matters, or maybe cut occasionally to a live stream to the underwriter's traders trying to hold up the stabilizing bid like it was a poker match if the market is dumping, and if they fold under too much selling pressure have silly music and the hosts on picture-in-picture laughing as if it was a Japanese game show