DEAR chief executive. First,congratulations. You contain decided to float your firm’s shares on the stockmarket. After years of toil behind the scenes, it’s time for the big stage. You probably feel pretty good correct now, or especially after those insightful bankers from Goldman Sachs said that your firm is one of the most impressive that they contain ever seen in their careers and that they are generously going to give you a reduction on their normal fee and charge you only 4% of the IPO proceeds. Unfortunately,though, things will now rep much worse before they rep better. An IPO is like having children: months of waiting, and an agonising delivery and afterwards your world is never the same again.At least you are not alone. American IPO volumes are at their highest level for three years. In modern York Dropbox and Spotify recently listed. Even Michael Dell,who took his computer firm private in 2013 and grumbles about the myopia of stockmarkets, is taking his firm public again, and through a merger. In China a...
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Source: economist.com