"They could also avoid the classic “leave money on the table” scenario, where institutional investors and the other high net worth individuals who have access t

"They could also avoid the classic “leave money on the table” scenario, where institutional investors and the other high net worth individuals who have access to IPOs reap all the benefits from the first day’s gains." Main justification of IPO IMHO is greedy banks, early investors, and underwriters aiming to cash out a lot on the first day without giving a crap about the company or its employees in general. It is a welcoming step and a step in right direction. Cut the middle man out.