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Groupon to Choose Goldman, Morgan Stanley to Lead IPO
- phlux 16y agoOut of curiosity, when a hot tech startup is going to IPO - what difference does it make which investment bankster does it? For example, if there were 1 million people who wanted in on the deal - would there be less if the deal were led by some random bankster? Further - what does Goldman get for leading this -- it would seem that they simply get to pick who gets in on the opening price, including their own staff/cronies. So, it would seem that, at least for Goldman, the game really is fixed in the favor. The effectively get guaranteed returns on every single dollar they put out. Pretty farking disheartening.
- spitfire 16y agoFor IPO's the leader of the syndicate gets the best deal and a larger cut of the fees. It's basically a no lose proposition.
- jacques_chester 16y ago> what difference does it make which investment bankster does it? To the Wall Street Journal, which Wall street firm gets the business might appear to be newsworthy.
- ares2012 16y agoI can see it now: $10 Billion in common stock for $1 Billion! 90% savings! Click here to buy now.
- spitfire 16y ago20billion divided by 60million is $333per user. That seems high.