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There's very little evidence that the individual investors would buy in at that range. As evidence of faltering IPO demand, check out what happened to Zynga --
by veyron 15y ago
There's very little evidence that the individual investors would buy in at that range.
As evidence of faltering IPO demand, check out what happened to Zynga -- took about 10 minutes to fall below ipo price.
- pbreit 15y agoThe fact that Facebook is already trading at $100 billion is decent if not strong evidence that investors, individual or otherwise, would buy at that range. And Zynga quickly moved above its IPO price where it now sits.
- veyron 15y agoIt moved above the IPO price due to the Facebook IPO announcement and the related launch of the social media ETF (Tape C, ticker SOCL)