3 ms·
> defeats the purpose of the value setting part of the IPO if there are guaranteed buyers The indices don't buy into the IPO, but a few days afterwards. That's
by JumpCrisscross 5mo ago
> defeats the purpose of the value setting part of the IPO if there are guaranteed buyers
The indices don't buy into the IPO, but a few days afterwards. That's obviously easier to bridge than 6 months. But IPO buyers are still taking a risk.