7 ms·
Because the stock price people are asked to pay at an IPO (or at any time) is based primarily on projections. So, 'Mom and Pop' got projections A which made $3
by SagelyGuru 14y ago
Because the stock price people are asked to pay at an IPO (or at any time) is based primarily on projections.
So, 'Mom and Pop' got projections A which made $38 sound like a reasonable price, whereas the big boys got projections B which told them to wait till the price settles on $10.
- MartinCron 14y ago'Mom and Pop' got projections A which made $38 sound like a reasonable price That's only half true. $38 never really looked like a reasonable price.