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The participation of the banks is really spot on. And at peak mania you could see companies pop 100% on listing day despite having been bumped 100% the day prio
by hackernewds 4y ago
The participation of the banks is really spot on. And at peak mania you could see companies pop 100% on listing day despite having been bumped 100% the day prior to listing. The underwriting for the shares is a total farce, also shepherded by the same banks with insider holdings, and hence a conflict of interest to be honest with it.
- yieldcrv 4y agoYeah IPOs are a meticulous theatrical performance There is dilution in a “final” equity round, and then the banks are immediately flipping them to people that believe they are helping the company but are just getting dumped on by the banks, as all help was done by the banks I theoretically like direct listings more, but I don’t like retails tolerance of getting screwed in a different way because the valuations are unsupportable I just like exposure and liquidity, so float the shares one way or the other! People should be pragmatic about what they are participating in