IPOs are a racket. But try finding something better

The Economist | Schumpeter | Oct 26, 2019 MARGARET THATCHER, a grocer’s daughter from Grantham, knew a thing or two about selling. The privatisation of British Gas (BG) in 1986, on the back of an advertising slogan, “If you see Sid, tell him”, raised £9bn ($13bn), which at the time was the biggest-ever initial public