5 ms·
Out 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 millio
by phlux 16y ago
Out 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.