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Companies rarely "sell off a majority portion of the stock" when they IPO. More typically, they sell an additional 20% to 30% new shares to select investors.
by rmah 16y ago
Companies rarely "sell off a majority portion of the stock" when they IPO. More typically, they sell an additional 20% to 30% new shares to select investors.
- jacquesm 16y agoSorry, I meant to write major... apologies.
- adw 16y agoThe Betfair IPO about to get off (at a roughly $2bn valuation, which is pretty fair for a category killer in a huge business like sports gambling) is entirely insider sales, no new issues, and will be something like 10%-15% of the company.