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It's not that no one knows the fine print, it's that the people who get rich of IPOs (financial people) would typically still make money off an IPO which is bas
by cowkingdeluxe 15y ago
It's not that no one knows the fine print, it's that the people who get rich of IPOs (financial people) would typically still make money off an IPO which is based on flawed numbers. So the incentive is not there for the financial people to stop it, the incentive to actually promote it is there.