My point is once that share is held outside of the companies control, it's a liability. That liability is debt, where debt is the means to procure a return on that loan.
A company with 1000 shares at $100,000/ share is 'worth' much more than a company with 100,000 shares at $10,000/ share
The IPO is the selling of shares, nothing more nothing less.
How am I wrong in boiling this down?
Disclaimer: Everything I post is opinion and is not to be taken as investment advice. You make your own decisions based on your own judgement. Do your own DD = 'Due Diligence' = Your trade, Your responsibility.