3 ms·
That's not correct. The bankers' fee is 7% of the money raised in the IPO, not of their total valuation. Matt Levine addressed that one too: https://www.bloomb
by twinkletwinkle 9y ago
That's not correct. The bankers' fee is 7% of the money raised in the IPO, not of their total valuation.
Matt Levine addressed that one too: https://www.bloomberg.com/view/articles/2017-09-19/memory-mortgages-and-puzzles https://www.bloomberg.com/view/articles/2017-09-19/memory-mo... Can't see how to link into the article but if you ctrl-f Hedosophia you'll see his point.
- whack 9y agoThanks for the link. I'll admit that I'm not an expert in IPO-finance, and I'm surprised that Andrew Ross Sorkin and Matt Levine are saying such diametrically opposing things. There's probably some nuance to their disagreement that I'm missing.