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I mean. If they briefly touch $120B at 10am on their opening day and then sanity prevails and they close trading at $20B, sure, I reserve the right to crow abo
by aetherson 8y ago
I mean. If they briefly touch $120B at 10am on their opening day and then sanity prevails and they close trading at $20B, sure, I reserve the right to crow about how I was an Uber skeptic before Uber skepticism was cool.
But if they spend a few weeks at $120B and then cool off to $90B, or even $60B, then I should and will eat that crow.
- calyth2018 8y agoWhy should you eat crow? Opening weeks of an IPO is usually a frenzy until rationality returns, no?
- praneshp 8y agoBecause aetherson's definition of sanity is 20B. If the stock is 60b after 6 months, then crow eating is not totally unfair.
- Zephyr314 8y agoGeneral employee lockup [1] ends at 6 months usually. A tank right before/at that time could signal what the insiders think and the long term prospects in general. [1]: https://www.investopedia.com/ask/answer/12/ipo-lockup-period.asp https://www.investopedia.com/ask/answer/12/ipo-lockup-period...