4 ms·

$1.5 Billion Market Cap. Will be interesting to see where it is in a week.

• eru 16y ago
  I don't really get why anybody plans any IPO prices. Shouldn't auctions be the best tool for the current owners to get as much money as they can?
  • ars 16y ago
    They actually are auctions, just not public ones. Silent auctions, where the bidders communicate privately with the seller. The buyers set a price they will pay, possibly a price x number of shares matrix. Then the company picks a price to maximize the amount brought in.
    • eru 16y ago
      Yes, more or less. But you often see shares go up by quote a lot on their first day. That should not happen.
    • eru 16y ago
      But why did the share price then go up on the first day after the IPO? (And why does it tend to do this for a lot of companies?)