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What about the guy who thinks it's worth $1? Wouldn't he attempt to short the stock immediately after the end of the auction, canceling the pop?
by tdaltonc 11y ago
What about the guy who thinks it's worth $1? Wouldn't he attempt to short the stock immediately after the end of the auction, canceling the pop?
- whatok 11y agoWhile it's possible, in practice it's generally difficult to short IPOs because your broker needs to locate shares and underwriter restrictions in the borrow process.
- buzzdenver 11y agoWhat whatok said, plus there's always a less of an appetite to short a stock than to be long.