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Investors who have nothing to do with I.P.O.s, per se, can nevertheless be harmed by slumps and volatility emanating from offerings that fall short of expectations.
Those who still have shares from offerings by Deutsche Telekom and its Internet subsidiary, T-Online, sold amid much hype in the spring, are nursing losses.
When a 105-year-old congregant died recently, she took with her 25 percent of the church's annual income from offerings.
He said his credibility was bolstered by the fact that his services were free, and that he only collected about $130 a week from offerings.
Still, Mr. Wymore pointed out, such issues take nothing away from offerings like the American Museum of Natural History, the New-York Historical Society, a lively restaurant scene, a thriving retail strip on Columbus Avenue, and of course Central Park.
Before the JOBS Act, general solicitations were banned, a measure that shielded the general public from offerings that are difficult, if not impossible, to evaluate without special inside knowledge — and that are prone to fraud.
Similar(41)
Nothing prevents senators from offering more.
Some insurance companies also bar doctors from offering concierge services.
Rules forbidding retailers from offering discounts for cash hamper competition.
That is far from offering an open spigot.
And nobody shied away from offering an opinion.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com