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The Google and FaceBook IPOs were considered a failure (by conventional wisdom standards). Of course, the money went to them and not the wall street bankers.
by ksherlock 11y ago
The Google and FaceBook IPOs were considered a failure (by conventional wisdom standards). Of course, the money went to them and not the wall street bankers.
- sjg007 11y agoIf the IPO holders had held on they would've made bank.
- tromobne8vb 11y agoThis always cracks me up. In reality they got the price correct and maximized the money that the company got for doing the IPO in the first place. The problem is that there is an expectation that IPO stocks will 'pop' and allow wall street to line their own pockets. Since they didn't, they consider it a failure.