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(FINANCE) an initial public offering of stock in a company by a private equity fund that already owns it.
ILLUSTRATION
Suppose we have a company, HCA, that currently a publicly traded corporation. Now, some people with a lot of money arrange to borrow even more money, buy ALL the stock in HCA, and then turn it into a private corporation. All of the shares of stock are withdrawn and the company no longer has to publish its financial data with the SEC.
In theory, the new ownership can totally restructure the management; invest in new assets; divest old assets; retrain staff; or otherwise refurbish HCA so it does its job better and more cheaply. After doing this, it sells the new HCA to the public for much more than it paid for it, and everyone comes out a winner.
In practice, PE fund raids HCA to the tune of $2.5 billion and saddles it with the gigantic finance costs of its own LBO. Investors think they're buying a set percentage of HCA when they buy shares, but they're really just extending the process of vacuuming cash from the pockets of investors.
MIKE: So I hear that KKR and Bain Capital are selling HCA back to the public. A new IPO, huh?
MARGARET: Avoid it. Ordinary IPO's by companies going public for the first time are doing much better.
MIKE: But that's crazy! It's a sponsored IPO! By KKR and Bain Capital! It's got to be good! They'll still own most of HCA afterward, so they'll do what it takes to make sure the price stays high.
MARGARET: No, they don't care what the share price does so long as they get your money out of you. In the meantime, they've looted the company in the most inefficient way possible: using an LBO financed with junk bonds.
MIKE: Ouch, I guess my head is glad I talked to you about it but my heart is a greasy stain in the pavement.
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To under or overestimate how long something is, be it time or anything else. More generally, to blow it. Also eating a banana with no hands
Oh no, she's gonna ipo it again!!
Injured Piece Of Shit. Generally used by trail runners.
I have to lift weights now because I am an IPOS.
In Person Online School is a group of friends hanging out during online school
I'll see you at IPOS on Thursday!
Inconsiderate
Piece
Of
Shit
IPOS
Pronounced eye-pos
A buddy that shows up to a weekend bender with a 4 pack is an IPOS
Waving another driver to go and you get no acknowledgment. IPOS
IPOS – injured piece of shit
/ˈinjərd/ /pēs/ /əv/ /SHit/
noun
1 A (foolish) runner that ignored all the warning signs their body gave them, sustaining an injury, rendering them temporarily incapable of running or doing anything useful with their existence.
Origin: @ultrarunningmemes
“Chris won’t be making it out to Thursday runs for a while, because he is an IPOS”