Today's IPOs are not goldmines like that in the 1980s. The seller tries to price its IPO as near the market price as possible leaving peanuts for the applicants. They don't even show their prospective EPS in their prospectus nowadays. How is it then possible for the layman to evaluate the company's prospects?
We have to ask the regulators this question.

This post has been edited by Oracles99: Jul 24 2013, 10:47 PM