alt Hacker NewsI don't understand your position.
First you say you don't like that they're accessing the corporate bond market, which is something all public companies can do.
Then you say they should've IPO'd earlier when they were even earlier stage and riskier .. which would allow them to issue bonds even earlier?
What is your position? Or are you complaining for the sake of complaining?
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nickysielicki • today at 7:09 PM
I don’t like that they’re fleecing the corporate bond market after privatizing the majority of their upside. Yes, I wanted them to issue their junk bonds even earlier.
What I really want above all else is for credit rating agencies to not face pressure to rerate them favorably because they’re deemed too big to fail.
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Because for a pension fund the exposure will be much smaller if they're an early investor in a 100m Business than being a late investor in 2T business.
Basically when you invest at the peak of the bubble you're going to be hosed.