4 ms·
Give things a few months to settle. Right now there are lock-ins that keep prices higher than they might eventually be. One the lock-ins are over, the price w
by mathattack 10y ago
Give things a few months to settle. Right now there are lock-ins that keep prices higher than they might eventually be. One the lock-ins are over, the price will be more realistic.
I'm with you that huge first day bumps don't help the company much. A little PR is nice, but if the price stays that high, they underpriced.
The investment banks have huge incentives to have these first day pops, as it's free cash for some of their high-volume customers.