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I know very little about shares. How does an IPO close lower on it's first day? Wouldn't someone have to have bought in at $45 and sold for lower in the same d
by jaimex2 7y ago
I know very little about shares. How does an IPO close lower on it's first day?
Wouldn't someone have to have bought in at $45 and sold for lower in the same day? Why would anyone do this?
- incompatible 7y agoBecause they think it will go even lower and want to get out before losing more? Alternatively, they may have got in at a lower price and are still taking a profit.