Killing an IPO market its more a healthy sign than a bad one.<p>IPOs were always a way for the finantial institutions to take profit from naive market investors. Historically IPOS have very bad results in average, and in the case they do get good results, they dont get to the average one-guy online investor but to institutions.<p>Finantial institutions involved in the IPO proceedings (getting your company fit to be a public company) can get up to 10% of your  company : they dont invest money at all, they only help your accounting be public and legalities.<p>Of course, IPOs are widely advertised because the more people pay, the more money these institutions win. Of course, the institutions that used to do these are the ones that are in a terrible shape from the economic crisis.<p>Benjamins Grahams "Intelligent investor" says IPOS are "for suckers" :). The book that was written many decades ago even mentions these same financial institutions used to consider IPOs an unethical business because too many unskilled investors hoped too much of such operations.