3 ms·

I hate, hate, hate this sentiment. Pricing IPOs is not a perfect science. You want at least a 20-30% pop to generate enthusiasm. So it actually was 50%. It's no

by pbreit 11y ago

I hate, hate, hate this sentiment. Pricing IPOs is not a perfect science. You want at least a 20-30% pop to generate enthusiasm. So it actually was 50%. It's not that big a deal. Plus, I can easily envision it falling back a bit in the coming days as the excitement wears off. The big money can be raised in a secondary, but ONLY if the stock isn't perceived as a dud.

dlubarov 11y ago
In this case they sold a good chunk of the company, and left nearly $70 million on the table. For a relatively small company, it would be hard to justify that as an investor marketing expense.
- pbreit 11y ago
  10% is not a big chunk. To leave $70m ($65, actually) on the table they would have needed to price it "perfectly" and it would have been considered a dud. With a strong opening day and a solid few quarters they should be able to float another 10% and pick up $200-300m. And you're worried about $20m or $30m.
deleted 11y ago
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