9min chapter

The Business Brew cover image

The Pros and Cons of Being Public with Andrew Walker

The Business Brew

CHAPTER

The Fudge Factor in S-1s: Municipal Bonds and SPAC Boom

The speakers reflect on the fudge factor in S-1s, specifically in relation to municipal bonds issued for MRL. They discuss the SPAC boom and the sometimes insane projections in S-1s during that period. They emphasize the need for caution and skepticism when reviewing S-1s, but note that the assumptions in this particular chapter align with industry projections.

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