The EMH says it shouldn&#x27;t matter too much. The transition from private to public adds more liquidity for traders, but in accordance to the EMH it should work both ways (50% chance of buying or selling). Those who wanted to buy but couldn&#x27;t will do so now that the shares are public, and some will sell. There should be no expected edge shorting companies that go public, after taking into account borrowing costs and other factors. The evidence suggests such a strategy would probably break-even, in accordance with the EMH.<p><a href="https:&#x2F;&#x2F;qph.is.quoracdn.net&#x2F;main-qimg-ef1c7da1ddf19c2c7c7d90c689cd5c80?convert_to_webp=true" rel="nofollow">https:&#x2F;&#x2F;qph.is.quoracdn.net&#x2F;main-qimg-ef1c7da1ddf19c2c7c7d90...</a>