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yeah for the banks that underwrote the IPO and dumped the shares on your mom's pension plan. the liquidity of the secondary stock market is a purely American p
by cloudjacker 10y ago
yeah for the banks that underwrote the IPO and dumped the shares on your mom's pension plan.
the liquidity of the secondary stock market is a purely American phenomenon.
- jstanley 10y ago> the liquidity of the secondary stock market is a purely American phenomenon. What do you mean by that? Loads of countries have adequately liquid stock markets.
- cloudjacker 10y agoExactly what I wrote, the liquidity is crap. Adequate? It's just down hill
- jdavis703 10y agoThat's actually not how underwriting works. If an IPO is a flop right out the gate sometimes the bank can get stuck with the shares.
- cloudjacker 10y agoThat's the risk they take on. I listen to retail investors, they clamor for IPOs no matter what the S-1 says.