I think the main flaw with your supposition is that being on the market requires rocket science
FIRST, lets talk about history since you know about it. Going public wasn't as coveted and rare of an event as it is today. So people like you had no expectation of being wowed by the rocket science presented in S-1 registration statements.
SECOND, revenue from selling tickets. Ticket selling websites have a monopoly on extra fees which can practically double the price over the face value of a ticket. Consumers have no other way to get tickets to these events. The market likes that. If you want to share in the profits of this money printing operation, then you buy the shares and hope they start giving dividends.
Thats all the market cares about.
High regulations have prevented companies from considering to go public via an IPO, or go public at all. So therefore companies go public via an IPO as the LAST round of equity financing at their peak growth, which they and their bankers think they can sell to the gullible investing public. When the market is frothy like today and the investing public is excluded from most of the growth, they will buy. IF ALL GOES WELL, the company can use that new IPO money and expand into further growth, but it isn't that important anymore.
FIRST, lets talk about history since you know about it. Going public wasn't as coveted and rare of an event as it is today. So people like you had no expectation of being wowed by the rocket science presented in S-1 registration statements.
SECOND, revenue from selling tickets. Ticket selling websites have a monopoly on extra fees which can practically double the price over the face value of a ticket. Consumers have no other way to get tickets to these events. The market likes that. If you want to share in the profits of this money printing operation, then you buy the shares and hope they start giving dividends.
Thats all the market cares about.
High regulations have prevented companies from considering to go public via an IPO, or go public at all. So therefore companies go public via an IPO as the LAST round of equity financing at their peak growth, which they and their bankers think they can sell to the gullible investing public. When the market is frothy like today and the investing public is excluded from most of the growth, they will buy. IF ALL GOES WELL, the company can use that new IPO money and expand into further growth, but it isn't that important anymore.