IPOs are underwritten by investment banks. Filing to go public without being und... | Hacker News

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reynolds on May 21, 2010 | parent | context | favorite | on: 19 year old files S1 (IPO prospectus) to raise $12...

IPOs are underwritten by investment banks. Filing to go public without being underwritten is called a direct public offering I believe.

bryanh on May 21, 2010 [–]

Granted, a direct public offering is very rare. Not unheard of, but rare indeed.

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