"a proposed IPO called Social Capital Hedosophia Holdings, a holding company that is aiming to raise $500 million in an IPO that will then go out and buy other tech companies who have been reluctant to go public.
The S-1 notes that tech startups have plenty of access to private venture money but don't want to go public for a number of reasons: "We believe management distraction, a sub-optimal price discovery mechanism and the resultant longer-term aftermarket impact have discouraged private technology companies from pursuing IPOs."
Submitted September 19, 2017 at 12:53PM by chromevideo http://ift.tt/2w5LlID
