Re:Jack Ma fell to earth and took Ant's mega IPO with him
by SkyMarshal on Friday November 06, 2020 @12:10PM
(#25009171)
>how is innovation supposed to thrive in an environment where a "miscalculated talk" is enough to halt a $37b IPO?
Fwiw that can happen in the US too. If a corporate exec says something unwise during the pre-IPO quiet period, the IPO can potentially be scrapped.
And there other consequences to unwise public statements, like when Elon Musk publicly claimed he had a major new deal, which moved markets and then turned out to be a lie. He got bitch-slapped by the SEC for that.
Fwiw that can happen in the US too. If a corporate exec says something unwise during the pre-IPO quiet period, the IPO can potentially be scrapped.
And there other consequences to unwise public statements, like when Elon Musk publicly claimed he had a major new deal, which moved markets and then turned out to be a lie. He got bitch-slapped by the SEC for that.