So the IPO would end up functioning as a wealth transfer mechanism? | Hacker News

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		calebmpeterson on June 27, 2011 \| parent \| context \| favorite \| on: Groupon May Expire Sooner Than Expected So the IPO would end up functioning as a wealth transfer mechanism?

jfb on June 28, 2011 | [–]

As do they all.

calebmpeterson on June 28, 2011 | | [–]

Then why does anyone buy IPO stock? (selling I can understand)

suking on June 27, 2011 | [–]

Just like rounds D-G!

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