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The market decides the price, but the company decides the timing. Any IPO is postponed until it is clear the minimum price can be obtained.
by ScottBurson 11y ago
The market decides the price, but the company decides the timing. Any IPO is postponed until it is clear the minimum price can be obtained.
- chetanahuja 11y ago"The market decides the price" Well, not quite the market... just the undertak... I mean underwriters. Which is not quite as open-markety a process as one might assume.