"As recently as 1986 Adobe had an IPO raising $6M.
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Posted On: 03/26/2018 12:43:57 PM
"As recently as 1986 Adobe had an IPO raising $6M. None of these companies could have gone public in today's environment even adjusting for inflation. Virtually all the buyers at the time were individuals and there was a robust "over the counter" after market for young companies. "
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