ryathal t1_je37t6v wrote
Reply to comment by LanghamP_ in Aggregate measure of financial misreporting for nearly 2,000 companies in the U.S. suggests that the collective probability of fraud across major companies is the highest in over 40 years by marketrent
IPO has been about paydays for owners for a very long time.
AthKaElGal t1_je3qtgp wrote
IPOs are big pile of turds - Buffet and Munger
agm1984 t1_je5gc8n wrote
Earnings Before I Tricked Dumb Auditors (EBITDA)
jonathanrdt t1_je4t6gw wrote
The investment banks are the real winners. They get paid to structure the transaction and on the gains. They are incentivized to hype and mislead.
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