> companies that exaggerate their prospects sell at higher IPO prices If anything I think it's that they easily raise VC money, which then inflates the IPO pri

> companies that exaggerate their prospects sell at higher IPO prices If anything I think it's that they easily raise VC money, which then inflates the IPO price because people compare it against what VC's paid for it. WeWork VC value was about 4x what the IPO marked thought it might be worth. > raise as much money as possible at the IPO Seems more like the smart money is looking for dumb money to follow it, and a way to convert their VC held shares back into dollars via a liquidity event. But yes, a large post-IPO jump could be considered money left on the table, since people will pay for it, but the company didn't get it - the people buying at the IPO price then selling pocket that money.