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Re: [Pen-l] Purpose of stock market




On Apr 27, 2009, at 11:55 AM, Sean Andrews wrote:

but, IIRC, doesn't Doug note in Wall Street that few IPOs really raise
new funds?

The proceeds of IPOs mainly go to cash out the original investors. _______________________________________________ pen-l mailing list pen-l@xxxxxxxxxxxxxxxxxx https://lists.csuchico.edu/mailman/listinfo/pen-l



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