It would make sense that they'd be considered high risk borrowers.
But that won't stop them from issuing bonds or more convertible notes as they have and the market may or may not bite.
It does add pressure to their IPO proceedings being as high as possible as their funding mechanism tho. But reduces pressure on them if shares crash a bit after that, still high risk borrowers.
But that won't stop them from issuing bonds or more convertible notes as they have and the market may or may not bite.
It does add pressure to their IPO proceedings being as high as possible as their funding mechanism tho. But reduces pressure on them if shares crash a bit after that, still high risk borrowers.