A Look at the Salon.com IPO in Retrospect
from the not-a-good-idea dept
Bloomberg looks at everything that happened that made Salon.com go public and explains why this is a typical content IPO. It’s an interesting story, but one you’ve seen before. Greedy underwriters take a company public when there’s no clear reason for it to go public. Lots of people get very rich and the public gets fleeced as they’re left holding close to worthless stock. The same story could be written about a ton of dot coms.