Hacker News new | ask | show | jobs
by ketzo 2164 days ago
Other places on this thread, there are references to "filling up the IPO book," which is referencing the fact that you can offer 100 shares, but you don't know that all of them will sell, or that all of them will sell for the price you offer them at. That's part of the reason they're often underpriced -- to ensure they all sell.