Yeah its potentially free money....but if someone offered you a lot of free $ as opposed to a little, which is better?
The free money from idiots window has been slammed shut. The original idea behind an IPO was to provide seed capital for a solid growing company, not to cash out a VC con job. With the return of common sense it will be that way once again. Financing legitimate ideas is kind of the whole point of wall street actuallyâ¦
I have to recommend James Grant's "The Trouble with Prosperity." He discusses the need for contraction to liquidate overcapacity -- and the problems that happen when the inevitable is postponed. A simple liquidation cycle becomes a monster that threatens the stability of civilization if fed by a manic bull market (my conclusion, not his). Anything by Grant is worth the read, though.