I 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 followin

I 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.