While I can't speak to the intent of the grandparent, independent of pricing strategies, Facebook's IPO was botched at the execution level: NASDAQ fell over und

While I can't speak to the intent of the grandparent, independent of pricing strategies, Facebook's IPO was botched at the execution level: NASDAQ fell over under the load and transactions were a big mess [1]. [1] http://dealbook.nytimes.com/2012/07/01/facebook-not-feeling-friendly-with-nasdaq/ http://dealbook.nytimes.com/2012/07/01/facebook-not-feeling-... EDIT: upon re-reading, sounds like this is exactly what the GP was referring to.