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by asher_
3392 days ago
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> companies normally try to price it so it goes up about 20 percent on the first day Can someone explain this to me? Why would a company try to sell its shares for less than they could get? When I see something like this - 44% up on the first day - I immediately think that this was a complete failure as an IPO, because the company left so much money on the table. Am I crazy? Or can someone set me straight. |
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