Take the following as truth: What the fad for foreign IPOs ignores is the massive uncertainty still attached to foreign markets, even as it has led U.S. investors to overlook everything they take for granted at  regular reports, corporate accountability, open books, the Securities and Exchange Commission.
Then the following statement: "In fact, more then 30% of international startups fail in the first quarter." is true, false, or inconclusive?
Answer: Inconclusive