3 ms·
These days, you "have to" leave money on the table, or your IPO is deemed a "failure" (see: Facebook).
by chimeracoder 11y ago
These days, you "have to" leave money on the table, or your IPO is deemed a "failure" (see: Facebook).
- joeblau 11y agoI was going to ask the same question. This seems like a valid reasoning for why. Facebook seems to have rebounded from that event pretty well with its stock price over $100 right now.
- maxerickson 11y agoI think that isn't fair to IPOs other than Facebook. Facebook was unusual in having the leverage to snub the banks and price strong.
- uptown 11y agoWhat would you rather have ... less money but CNBC and the internet calling you a huge success, or more capital available to run your business but CNBC and today's internet echo chamber calling you a failure. I'd choose the latter.
- vessenes 11y agoFacebook had serious, serious trading problems day one that resulted in a class action lawsuit involving NASDAQ. While it was priced strongly, I don't think it's fair to say it wouldn't have popped without the trading problems. We don't know. It was on its way up when trades started to back up and people freaked out.