alt Hacker NewsLikewise, stock market IPOs are a parody now - not means of getting financing, but dumping the paper on the retail after for the insiders and VCs to realize their gains.
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cbg0 • today at 5:23 PM
Aren't all the insiders restricted from dumping their shares for a set number of months?
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lstodd • today at 5:10 PM
But serioslly when IPOs were not a sad joke? In early 1990s? But I think never.
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s1artibartfast • today at 6:17 PM
Can you name a recent IPO that didn't put funds in the corporate coffers?
If the complaint is that people are investing in companies that are a Bad Bet, the solution is simple. Don't buy stocks that are you think are losers. That's the definition of insanity.
If someone wants to blindly invest money with zero diligence, then they have to be willing to accept the returns of a zero diligence bet.
Yes, it's downright stupid to buy into any tech IPO these days. The fundraising and all the growth were done by the A-M rounds, while the IPO is the bag-dump for the last few rounds of investors. Stay far away.