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The AirBNB listing showed that banks favor their friends and clients in an IPO, when the price surged well before the debut allowed us Little People to buy. A
by mancerayder 6y ago
The AirBNB listing showed that banks favor their friends and clients in an IPO, when the price surged well before the debut allowed us Little People to buy. A direct listing would be cool and I hope they pursue that.
- ttobbaybbob 6y agoAlternatively - Airbnb selected investors that they knew would hold the stock and support their long-term vision for the product/brand. Those investors being inclined to hold, did not sell, yielding a relatively small float that was massively outstripped by demand, causing the price to skyrocket. Maybe some of those investors were friends of the bankers and cashed out but that would only be (a small) part of the story
- mancerayder 6y agoRight. The selected investors that doubled the stock price before opening bell on day 1.
- reverend_gonzo 6y agoThat’s the standard. However, Airbnb allocated a number of shares to its own hosts, and a lot of Little People were able to partake in that if they were on the ball.
- itisit 6y agoMeh. 7% allocation. Like most charitable efforts by companies, optics first, generosity much further down the list.