Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Predicting the return of the U.S. equity IPO market is a spectator sport. It is a matter of critical importance to founders and venture capitalists alike. Typically, IPOs provide the highest investment returns for private investors of capital.
Issuers of securities and their investment bankers are takers of liquidity, not makers of liquidity.
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