to 1999/2000 and it's just about any tech company. The fact that Meg Whitman and other large account holders/CEOs were in on IPOs which ordinary investors could NOT get in-on is a matter of..etc etc
IPOs on the world's major share markets are, of course, simply a con
Putting aside say Opec, the Fed, etc., and depending on your political tastes on things like "speeding camera tickets..." IPOs are, of course, the basic, main, "big money" con of the financial world system
Reform is at least 20 years away. Occasionally Nasdaq will issue a press release mentioning it, or the SEC will vaguely mention something, or change a detail of the system.
But, of course, "regulation" is protection
(Not protection for the citizen, protection for the power structures already in place that have big cons set up for sucking money up ... for instance "consumer regulation" was set up by and exists to keep small players out of the game that the big consumer product companies have, "banking regulation" was set up by and exists to keep small players out of the game that big bankers have going, "medical regulation" )
But sure, IPOs are an utter, absurd con, up there with say "fiat money"
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