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by sokoloff
2149 days ago
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That’s basically how Treasuries are auctioned. The problem for an individual company is I might be interested to IPO only under certain terms and be willing to pay a middleman to arrange that for the certainty. (The Treasury auction isn’t likely to move much and when it does, well, that’s the price-the government needs the cash to run; that’s not quite the same as a company who has other possibly viable options, including waiting.) [0] - https://www.treasurydirect.gov/indiv/research/indepth/res_au... |
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