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energy123today at 9:14 AM1 replyview on HN

What I mean is that investors don't want to pony up the cash at current market prices. They want a discount. Then they will pony up the cash

Just like creditors demand higher rates on investment grade bonds, investors are demanding a higher risk premium if they're going to be expected to keep piling in cash to this particular sector that's diluting and raising.


Replies

JumpCrisscrosstoday at 9:17 AM

> investors don't want to pony up the cash at current market prices

I don't think anyone can say this until the IPO goes out. Right now, all we're seeing is discount rates being adjusted market wide in anticipation of a rate hike.