Midway through Tuesday’s riotous stock market drop, Silicon Valley lawyers were wondering if the Big One — the market meltdown experts have long been predicting — had finally come.

While the Nasdaq recovered most of the 575 points it had lost during the day, the turbulence has some lawyers discouraging new issues until later this year. And others are advising clients to have an option other than a stock offering in place if they need cash.

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