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Meaning
The quote says that a 7 percent fee has long been the standard charge when companies go public on Wall Street. It suggests that this pricing has been accepted for a long time, and it points to the scale of the cost companies face in selling shares to the public.
When It Was Said
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Who It Was Said To
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Historical Context
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Source
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Original Language & Translation
Originally said in English.
Did They Really Say It?
No source found on Wikiquote; this quote is attributed to Alex Berenson.
Did You Know?
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About Alex Berenson
American writer and former New York Times reporter
Alex Norman Berenson is an American writer and former reporter for The New York Times. He is known for his thriller novels and for his book on corporate financial filings. His 2019 book, Tell Your Children: The Truth About Marijuana, Mental Illness and Violence, drew sharp criticism and provoked controversy. The response from many in the scientific and medical communities was strongly negative, and that debate remains a defining part of his public profile.
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