Facebook Frolics, Take the Money and Run Dept. 0
A drag on the market. Reducing the IPO hysteria is likely a good thing for investors, if not for banksters. Bloomberg (emphasis added):
(snip)
“We’ve reached a breaking point where sentiment is so negative and scrutiny is so high that companies don’t want to go public and investors aren’t prepared to look at them,” said Sica, who oversees more than $1 billion as chief investment officer of the Morristown, New Jersey-based firm. “You’re talking about long-standing damage to the psyche of companies wanting to go public and investors.”
Long-standing damage to the psyche my anatomy. Fancy way of saying, “OMG we might have to have a product worth investing in.”