I guess my thought is that that expectation is dumb. My thought is it's better this way. The difference between the 'high close' and 'low open' should instead

I guess my thought is that that expectation is dumb. My thought is it's better this way. The difference between the 'high close' and 'low open' should instead have gone to these companies: they should have IPO'd at the high price, so they have more money in the bank. Selling at half of what you'll be worth later in the day is dumb, and means you don't really know what you're worth.