Well, not really. That's a broad overstatement. Sure, for hype US tech companies but there are small companies without ridiculous over-pricing that use it to fu

Well, not really. That's a broad overstatement. Sure, for hype US tech companies but there are small companies without ridiculous over-pricing that use it to fund their growth as it was originally supposed to. But I agree that when the owners want to IPO it is often because it's beneficial time for them to sell (valuation is high vs the perceived risks). Or some VCs want to dump their stocks. Yet had you taken part in say Facebook's IPO that was considered over-hyped and held onto your stocks you would have made massive returns so, it's not all smoke and mirrors.