First Data, the largest merchant acquirer (spun out of AMEX years ago) is going public on Thur. with $18B in debt. They were taken private 7 years ago for $30B. Go figure.
Well that sounds like a classic LBO style series of events, which should be in a separate category from IPOs that are reached through somewhat more natural means.
It's betting on a future, and the future is unpredictable.
"Too Big To Fail" is not the terminology I would ever want towards something I develop - I think Titanic.
I understand that businesses do not start out profitable from the get go, but $700 million in debt?