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"Shares in the company were priced at $20 and opened on the Nasdaq stock exchange at $24.50. The stock ended the day at $31.89." Why is the headline never "Ope
by Harkins 17y ago
"Shares in the company were priced at $20 and opened on the Nasdaq stock exchange at $24.50. The stock ended the day at $31.89."
Why is the headline never "OpenTable Underpriced Shares by 60% in IPO"?
I mean, I know the answer, it's because the underwriter wants to get that instant profit margin, but it's sad that the financial press still writes its stories from the perspective of the bankers.