If you are playing with IPO's, it is always good to understand the history of IPO's. Not knowing history is a sure way to get burnt in the present and right now the "stove is very hot"!
This is a great article on how things have changed.
I am not a big IPO fan to begin with. Usually, it’s private owners who are heavily obligated to feeding a growing negative cash flow situation who want someone to take the “hot potato” at an inflated price. They are selling the sizzle so others take the obligation off their hands at extremely h
