Good point. I just edited the comment. Hope it is more clear. The point I'm trying to make is if you are trying to sell $100 million worth of share it is going

Good point. I just edited the comment. Hope it is more clear. The point I'm trying to make is if you are trying to sell $100 million worth of share it is going to be at a lower price then selling $10,000 worth of shares. It seems like critics of IPOs just take the number of shares issued and multiply it by the highest price on the IPO date and say "Look at all the money those bankers left on the table!"