4 ms·
It starts to create a secondary market for the shares, which means over time a price gets set. So the next time they try to raise money, this price becomes an a
by supster 10y ago
It starts to create a secondary market for the shares, which means over time a price gets set. So the next time they try to raise money, this price becomes an anchor point rather than whatever arbitrary price Uber tries to set based on perceived supply & demand.
- eru 10y agoYeah, probably. Even though at first the secondary market props up the price, it is indeed a price.