4 ms·
Wall street is crazy to me. They're losing out on a ton of money to avoid articles about "OMG the price isn't higher than last quarter!"
by 6gvONxR4sf7o 8y ago
Wall street is crazy to me. They're losing out on a ton of money to avoid articles about "OMG the price isn't higher than last quarter!"
- plouffy 8y agoI recommend you read https://www.bloomberg.com/opinion/articles/2019-05-09/the-uber-ipo-day-is-finally-here https://www.bloomberg.com/opinion/articles/2019-05-09/the-ub... to get a better idea what is actually going on. Nothing crazy.
- tc313 8y agoI still think it’s pretty crazy to price an IPO below the highest price that you can get for the full allotment. Facebook’s stock plunged in the months following its IPO, but it can raise capital at a much higher price now. The stock price shouldn’t matter in the short run.
- jcfrei 8y agoThe fact that this is the most money losing company ever to IPO should raise some eyebrows.
- celticninja 8y agoEarly investors need to recoup something, so thats going to come from retail investors and pension schemes. When the share price halves in 12-24 months time the early investors and founders will be so rich they wont care.