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A comment on Uber opens at $42 per share. Parent comment

Re:Uber opens at $42 per share by diminoten on Friday May 10, 2019 @02:14PM (#19880611)
No offense, but of course IPOs benefit unprofitable companies. The entire point of an IPO is to raise capital to invest back into the company. Why would you ever have an IPO if you didn't have a plan for that cash, and why would you have an IPO if you had all the cash you needed?
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Re:Uber opens at $42 per share by scarface74 on Friday May 10, 2019 @03:24PM (#19881333)
Because the initial investors want to sell their ownership stake.
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Re:Uber opens at $42 per share by diminoten on Friday May 10, 2019 @05:18PM (#19882342)
That isn't a valid "business" reason, though.
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Re:Uber opens at $42 per share by scarface74 on Friday May 10, 2019 @05:29PM (#19882415)
The investors own the business. Why would they be worried about the business and not just what is in their own best interest.
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Re:Uber opens at $42 per share by diminoten on Tuesday May 14, 2019 @04:50PM (#19913771)
They are, but what's in their best interest may be growing the company, not in cashing out immediately.
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