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> sentiment is very important for IPOs Who cares. Compare Twitter ("popping" IPO) vs. Facebook ("sagging" IPO).
by tomp 10y ago
> sentiment is very important for IPOs
Who cares. Compare Twitter ("popping" IPO) vs. Facebook ("sagging" IPO).
- whatok 10y agoI don't see the point in comparing the two but if you want to, Twitter had much better near-term post-IPO performance than Facebook did. We all know what happened after that. It's almost as if during a period where little fundamental information is available (post-IPO), something else must be driving trading (sentiment), while when more fundamental information is available (first earnings report), fundamental information plays more of a role.