I love this. but it does cost the company in terms of shares available to their underwriters to sell. and when you assume there will be easy first day gains to

I love this. but it does cost the company in terms of shares available to their underwriters to sell. and when you assume there will be easy first day gains to be had by getting the shares at the offering price that everyone wants a piece of, I'm sure it took a lot of convincing of their investors & bankers to do this.