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Share prices fluctuate, and IPOs are notorious for over-subscriptions by the banks/underwriters because their fees are often percentage based. I don't know why
by nevi-me 8y ago
Share prices fluctuate, and IPOs are notorious for over-subscriptions by the banks/underwriters because their fees are often percentage based.
I don't know why it would be news that price dips below IPO. If the stock plummets over 50% after a few weeks/months like Facebook did, then that could/would be interesting news.
Sure, ride-hailers are loss-makers that would be watched with interest, but the author alluding to investor confidence with 1 day's worth of data is a bit foolish.
- timavr 8y agoIt seems newsworthy. Hot IPO, a lot of money involved. Also, it is public stock now, so daily fluctuations mean quite a lot. If it popped 10% today then there would have been articles about that too.
- kochikame 8y agoAgreed, we need to let a pattern emerge before jumping to conclusions about where Lyft stock is headed There are many interesting criticisms and observations to be made around this IPO, but I don't think second day stock movement is one of them