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Yes, and the expected value is positive. Unfortunately for us, the banks that underwrite the IPO choose who to allocate the shares to, and they would prefer to

Yes, and the expected value is positive. Unfortunately for us, the banks that underwrite the IPO choose who to allocate the shares to, and they would prefer to allocate them to clients that have a history of not dumping the stock and/or lending shares out for shorts.

gruez 8y ago
You'd think that if the EV was positive, that no one would buy the IPO, and would instead but a few days/weeks later. Why buy before the dip?
oooshha 8y ago
The entire value of the offering was traded in the first 30 mins which goes against that narrative a bit..