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It's easily explained by accepting that the IPO price is a guess in the first place, and that the negative publicly of guessing wrong and having a significant I
by thrill 6y ago
It's easily explained by accepting that the IPO price is a guess in the first place, and that the negative publicly of guessing wrong and having a significant IPO decrease is more professionally embarrassing than having an increase.
- TearsInTheRain 6y agoDont the bankers go through a discovery process where they find buyers pre-IPO? Its not like a blind guess
- rocho 6y agoThose buyers are institutional investors and they get a huge discount.