8 ms·
But from first principles, it should basically always be lower.
by beervirus 6y ago
But from first principles, it should basically always be lower.
- ketzo 6y agoYeah, but even if it's lower, the number is certain, decided on over the negotiating table. In an IPO, you don't know till the day of your IPO exactly how much you're going to raise.
- dimes 6y agoWhen a company does an IPO, they hire an underwriter that guarantees that they'll sell a specific amount of stock at a specific price. So the company knows how much money they'll raise by the time the first day of trading arrives.