Tech, hate to break the bad newz to you, but IPO'z and M&A's are all part of the wealth stripping machine
There iz really no part of the markets that operate ligit... All apsects are designed to do one thing and one thing only:
Transfer wealth from the many to the few az efficiently az possible.
Sybby aint gonna go into a long diatribe on how IPO'z and M&A'z achive theze endz, but if you stop and really think what 'good' any financial function haz done in the last 30 yearz and apply sybby's general premise to what you view az 'ligit' markets then you will figure it out... Youre a smart guy. Its all about the few cashing out and converting something fictitiuos into bernanke bux at the real expense of the many.... Becareful what you wish for - if you want m&a's then you can relieve the 80's where mom and pop were shot for the multinational hemmorage of business and jobz, if you want ipo's then you can go back to the 90's and see where sheeple were slaughtered in the dot bust.... Sybil rests for rebuttal.