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Why does everyone get so excited about IPOs?

Why does everyone get so excited about IPOs?

Monday, &nbsZ;March 4

“Your ticket is being issued,” that’s what I saw flashing on the ticket machine this morning at the entrance to the parking lot after I selected ‘issue a ticket’. I wasn’t the least excited, just patiently waiting for my ticket. However, when the word ‘issue’ is mentioned around people who are in the capital markets, you see their faces light up, including myself, and the second they hear it, they ask, “What issue?”, “Is an IPO on the way?” It’s not just momentary excitement, it’s an excitement that repeats itself every time there is a date for a new issue. In most cases, the date of...

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