3 ms·
the other thing to note is that a 10-20% pop is entirely due to that kind of institutional backscratching, rather than an indicator of underpricing. if the pri
by clairity 8y ago
the other thing to note is that a 10-20% pop is entirely due to that kind of institutional backscratching, rather than an indicator of underpricing.
if the principal underwriter can't put a syndicate together to pop the IPO that much, they're not worth their fees. it's a standard part of the game now.