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by SideburnsOfDoom 4614 days ago
Could you explain why you think that IPOs are scams that don't actually create wealth? Or is it just this one?

Though I'd rather say that an IPO serves to acknowledge the worth already created by the company before the IPO?
1 comments
lowboy 4614 days ago
I think bolder88 has a problem with the idea that an IPO creates intrinsic wealth, or somehow increases the overall "wealth" of the entire system (either global or within a given country).

Yup, and now the word "wealth" is just a random series of letters when I read it.

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SideburnsOfDoom 4613 days ago
As far as I can work out, the IPO does not "create intrinsic wealth", the value is generated by having a successful startup, and this value is then recognised by the market at the IPO - If there was no success in the company already, there would be no wealth at the IPO. But this could be a semantic difference between "creates" and "recognised".
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