The devil is in the details (who is selling shares, lock-up period, etc) and in how the stock does over the next few years, but... -Having a high price allows

The devil is in the details (who is selling shares, lock-up period, etc) and in how the stock does over the next few years, but... -Having a high price allows the company to raise money in the IPO with less dilution. A high price is also good for anyone selling stock in the offering or selling stock after the lockup (assuming the price remains high until the lockup) -Having a low price causes more dilution for the same amount of capital raised, so this is worse off for the company stockholders. It is good for people who want to buy stock in the IPO though. -Accurately priced IPO is harder to define. Some say an accurately price IPO is one that pops up 50% on the 1st day. Others say that IPOs with large pops are not great because they show the company left money on the table. -Ultimately, the most important thing is that the company and stock perform well over the next several years. Bankers make their fees on the IPO, but pretty much everyone else wants the price to be stable or rise through the lock up period and then wants it to keep doing well!