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That'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.
by jdavis703 10y ago
That'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.