4 ms·

All this was true and well known prior to the IPO, so I'm not sure why should it affect the price now and not earlier?

• arcturus17 6y ago
  It is my understanding that the stock price of IPOs is often inflated through different mechanisms - maybe another commenter who knows more than I do can explain what these are. At any rate, if they really released at pricing levels determined by transparent and efficient markets we wouldn't see these pops, would we?
  • fractionalhare 6y ago
    You could actually say IPO pops (and drops) are a temporarily more extreme price discovery process when a company transitions from relatively inefficiently traded private entity to a more efficiently traded public one.