Initial Public Offerings (IPO’s) are for insiders and early investors who bought low to cash out by selling high to the retail crowd while the brokers make eye-watering commissions in the process. Tom Keene’s comments here that this is “a completely changed environment” is laughable. IPO’s were always thus, and the business media have always been happy to help their sponsors move product on to the gullible public
Initial Public Offerings in the United States are trailing levels from 2014 as investors find smaller returns on offerings and companies opt for rounds of private funding over entering the public market. Here is a direct video link.
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