3 ms·
It was still an IPO, just an untraditional one.
by prklmn 7y ago
It was still an IPO, just an untraditional one.
- hn_throwaway_99 7y agoBut to that point there was no "IPO price", i.e. the price paid by institutional clients before the first day of public trading, so there was nothing to fall below (there was a "reference price", but that's just more like the MSRP given by the stock exchange, not what anyone actually paid).
- kenneth 7y agoIt was not an IPO as there was no public offering. Instead, the company filled an S-1 and was listed on an exchange allowing for secondary trading.