It's not a lack of perspective at all, he's perfectly correct. A company that 'low balled' it's IPO simply made a huge mistake and left a ton of money on the t

It's not a lack of perspective at all, he's perfectly correct. A company that 'low balled' it's IPO simply made a huge mistake and left a ton of money on the table. IPO pricing is very difficult because it's hard to predict demand and market conditions. Ideally, you want a flat, and steadily increasing price.