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>You don't understand the IPO process. >Normally, it is a company with more opportunity than capital. Although this was of course the original rational for IP
by edj 14y ago
>You don't understand the IPO process.
>Normally, it is a company with more opportunity than capital.
Although this was of course the original rational for IPOs, this looks more and more like a historical footnote these days. Now that so many IPOs are late-stage it's hard to see them as anything other than liquidity events for founders and investors and employees.
- jpdoctor 14y agoThere are two sides to the IPO: The seller and the buyer. Buyers who see "liquidity events for founders and investors and employees" as a valid reason for buying the IPO will continue buying until they don't, just like other bubbles.