4 ms·
The Facebook IPO was a disaster and did stay below target for quite awhile post-IPO
by monatron 10y ago
The Facebook IPO was a disaster and did stay below target for quite awhile post-IPO
- maxerickson 10y agoIt was a glowing success for Facebook!
- ryanmerket 10y agoIs that why they sued NASDAQ?
- maxerickson 10y ago$1.4 billion pop on Snap publicly traded shares. $30 million lawsuit settlement awarded to Facebook.
- vostok 10y agoI'm not a banker so maybe I'm missing something, but I wouldn't be too happy if my company popped after the IPO. The way I see it, that just means that I left money on the table. If anything, this increases my respect for Zuckerberg and team. I'm not really excited about the prospect of bankers lining their favored clients' pockets with my money.
- brangalinafoeva 10y agoYour company would have left money on the table, but not you as an equity holder.
- vostok 10y agoIt's not uncommon to sell your personal shares in the IPO. Even if you don't sell your own shares, selling 10% of the company at $5 billion (no pop) is strictly better than selling 10% of the company at $3 billion (assuming a 60% pop to $5 billion). The company has more money and you own the same portion of the company.