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A comment on Square files for IPO. Parent comment

Re:Square files for IPO by justinator on Wednesday October 14, 2015 @04:58PM (#10389468)
I'm always curious why it's seems it's always this Hail Mary play, in attempt to win the lottery.

It's betting on a future, and the future is unpredictable.

"Too Big To Fail" is not the terminology I would ever want towards something I develop - I think Titanic.

I understand that businesses do not start out profitable from the get go, but $700 million in debt?

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Re:Square files for IPO by narrowrail on Wednesday October 14, 2015 @06:14PM (#10389913)
First Data, the largest merchant acquirer (spun out of AMEX years ago) is going public on Thur. with $18B in debt. They were taken private 7 years ago for $30B. Go figure.

Edit: Here's First Data's S-1:

http://www.sec.gov/Archives/edgar/data/883980/00011931251533...

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Re:Square files for IPO by hkmurakami on Wednesday October 14, 2015 @06:19PM (#10389934)
Well that sounds like a classic LBO style series of events, which should be in a separate category from IPOs that are reached through somewhat more natural means.
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