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by chollida1
5628 days ago
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> one would expect the executives to purposely underprice the stock in order to generate a big first day pop because they are looking for an exit. The executives typically are locked not being able to sell on the first day of trading. It also looks bad if they do sell. It's the investment bankers that want to see a stock shoot up on the first day of trading. It's their clients who are the most likely to hold the stock for an hour and then sell it. |
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