“But the SEC let us go public” and other flawed arguments in Coinbase's defense

Re:“But the SEC let us go public” and other flawed arguments... by pjc50 on Tuesday June 13, 2023 @10:59AM (#36311218)

The basic filing fee is extremely reasonable: https://www.sec.gov/ofm/filing-fee-rate : about 0.1% of the value of the IPO.

It's the legal advice and accounting specialists required to produce an adequate prospectus that's the big cost. But again: if you're raising millions, it seems not unreasonable to front some of that, even as personal debt, in order to prove "skin in the game" and that it's not a scam.

EOS raised $4.2 billion dollars. You're telling me they can't front 60k?

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Re:“But the SEC let us go public” and other flawed arguments... by martin8412 on Tuesday June 13, 2023 @03:14PM (#36315403)

The issue is of course that most of the IPOs are pumps and dumps. If they register as securities, then they are liable for said scheme.

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