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principal ? Tax deductible ? No control or ownership by borrower ? Restrictive covenants ? Promised cashflows in future ? Traded amp。A. Equity pensation to employees. ? Prestige : marketing, recruitment, funding. Sunil Mahajan ISMS 5 Issues in IPO ? Domestic/ international ? Fresh equity/ Offer for sale ? Pricing ? Post listing performance ? Cashflows visavis assets Sunil Mah