4 ms·
This is a good thing One of the lessons people seem to have forgotten from the first bubble is that the opening day "pop" is a manufactured scam by the ibanks
by cagenut 15y ago
This is a good thing
One of the lessons people seem to have forgotten from the first bubble is that the opening day "pop" is a manufactured scam by the ibanks so that their insider/selected clients can flip some shares for quick buck. You don't want a pop, a pop is bad.
An IPO'd stock actually trading at its priced value a day later is a sign that the banking advisers actually did their job right in pricing it.