3 ms·
Not unusual for highly hyped IPOs to "pop". Underwriters and the first tier of investors like to structure IPO pricing this way so they get a guaranteed exit on
by roymurdock 11y ago
Not unusual for highly hyped IPOs to "pop". Underwriters and the first tier of investors like to structure IPO pricing this way so they get a guaranteed exit on the initial craze to buy and beat out subsequent buyers.
Facebook IPO'd at $38, popped up to $45, closed at $38 on the first day, then plummeted down to $27 a week after the IPO. Now its at $107. Anything can happen.