Private investors "parachute out" only 20% of their stake in an IPO to investors who willingly buy into the story because they believe (rightly or wrongly) in the upside.
It's not exactly like Joe Schmuck is unwillingly forced to hold on a hot potato
Private investors "parachute out" only 20% of their stake in an IPO to investors who willingly buy into the story because they believe (rightly or wrongly) in the upside.
It's not exactly like Joe Schmuck is unwillingly forced to hold on a hot potato