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But that's a decision on the part of the person doing the underwriting, right? You're describing psychological factors that have nothing to do with the cost of
by jbooth 16y ago
But that's a decision on the part of the person doing the underwriting, right? You're describing psychological factors that have nothing to do with the cost of doing the underwriting.
Are you saying SOX tripled the cost? 10X?
If not for SOX, are you suggesting that pets.com would have a successful IPO today?
- tptacek 16y agoYes, if it wasn't for SOX, I think a lot of companies no more sound than PETS.COM would have gone public. They'd have lots of users, moderate and consistent revenue, but no real prospects.