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that is what happens during the roadshow, which led to the price going up in the last few days and more shares being issues because of demand funny that Google
by nikcub 14y ago
that is what happens during the roadshow, which led to the price going up in the last few days and more shares being issues because of demand
funny that Google tried the auction, ended up getting wall st against them and colluding to lower the price. Facebook co-opts all the big name banks as underwriters and gets a near-perfect opening price.
- jerf 14y ago"gets a near-perfect opening price." If Morgan-Stanley was propping the stock up, then that's strong evidence it wasn't a near-perfect opening price, but that it was too high.
- alttag 14y agoWhich makes it near-perfect for Facebook (more capital from the sale), but less-so for shareholders, particularly those looking to make a buck on a quick flip.