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Comment by nine_k | Hacker News Reader

A strange choice of time, to me. With such intense market volatility, it's easy to both leave money on the table by setting the IPO price too low, or to have trouble selling stock by by setting it too high.

OTOH the freshly printed money look for returns, so the stock market is more likely to be bullish even in relatively near term; maybe they are trying to catch this trend?

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Market volatility doesn't seem to be extraordinarily high right now:

https://www.google.com/finance/quote/VIX:INDEXCBOE?safe=off&...

Market predictability is at an extreme low. Rug pulls are happening on a regular basis, and spy is regularly being propped up by a few random, overvalued stocks.

It's being propped up by the Fed, which just announced their QE decision for the next 3 months or so today. That gives plenty time for an IPO.

I actually don't know what "market predictability" means. Like, the market is never predictable, right? That's why most money managers don't consistently make big profits. Is this a notion that can be quantified? Can you cite some evidence for what you've said?

Anyway, the person I was responding to said volatility and that is the metric I cited.

The market is predictable, just on a macro level and on long timescales. Look at the S&P return per 10 years for the last couple of decades.

That’s because there was an FOMC meeting today, it’s always more volatile before one. The market was told that what it expected would happen is going to happen, and it was pleased. It expected more bond purchase tapering and 3 rate hikes (75 bps total) next year.

VIX is back under 20, volatility is settling down.

Some unprofitable growth stocks have been sold off lately, but the rest of the market is chugging along just fine, at least until rates start to go up.

Here’s a way to keep an eye on the probabilities the market is assigning to rate hikes at future Fed meetings: https://www.cmegroup.com/trading/interest-rates/countdown-to...

What are some examples of rug pulls? All of the ones I can think of are ICOs, not IPOs. I can, however, think of dozens of IPOs that have gone gangbusters.

It never actually IPOed, but Theranos?

> Rug pulls are happening on a regular basis

Woof, csco, essc, snow...

My first thought was that the interest rate hikes coming next year may have spurred it, but I'm guessing this sort of thing has been in the works for quite awhile now.

I see that it is now or never. Markets are in all time high, there are dark clouds in future. Better to get money now than possibly never.

there's been a bit of back and forth in tech lately and there are some signs it is nearing or passing a peak valuation. Get the money while you can and don't look back. Reddit's getting old too

It’s a great time given the current uncertainty in social networking.

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