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  • You gals are missing the importance of markets in the equation, i.e. who (or what) introduces the buy side to the sell side. Without venal Essex boys, dark liquidity pools and pinky ringed merchant wankers the whole edifice grinds to a halt.

  • I'm still not sure what point you are making. There are more posho investment bankers involved in a primary capital raise than a secondary share transaction. But the former is good and the latter is bad?

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