Don't know what the h... the NYSE thought. Even by dodgy MJ standards nothing about IIPR was proven. Did it have any revenue?
IIPR didn't breeze thru the vetting process as the IPO was delayed and trimmed in several ways. Still, the offering is performing terribly even during the 180 day lockup period that ends in May.
We know that exchanges cut listing standards when they get greedy. During the late 90s Dot Com Bubble, the NASDAQ aggressively competed with the NYSE for fad tech listings. What a shameful period! By 2002, many hundreds of newly minted NASDAQ stocks -- virtually all utter rubbish -- were delisted or out of business.
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