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People said this same thing about Zipcar. But, won't the stock price stabilize in the near future to around the IPO price?
by joejohnson 15y ago
People said this same thing about Zipcar. But, won't the stock price stabilize in the near future to around the IPO price?
- gordonbowman 15y agoYes, it will likely stabilize in the mid-eighties over the next few weeks. However Blodget's main argument here is that the underwriters left a lot of money on the table. Assuming a more proper price for the stock of around $60 (instead of the $45) means that LinkedIn left about $130 million on the table.