Cinnabar,IMHO, and from my past experience, the selling of...

Cinnabar,

IMHO, and from my past experience, the selling of assets by way of another IPO never worked in favour of the existing shareholders.

It only works in a way that the company will be able to raise more funds without going cap in hand to the sophisticated investor, thus diluting the sp further. The market has spoken already in that regard.

It would be different though, if the company would make a split of the assets through another new listed company, whereby the existing shareholders would receive the equivalent amount of shares they do hold in the existing company, or in a pro-rata basis depending on the new shares issued and listed. I have seen that happen time and time again, and in most occasions the existing shareholders will benefit.
But not when another IPO has been made. Only the Company will benefit from that, while we have relinquished more assets to someone else.

Please DYOR.

Buddy