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by loeg 1656 days ago
It is relatively common for a stock to "pop" significantly more than that -- like 20+%. 80.00 offering to 85.19 close is only 6%. E.g., https://www.nasdaq.com/articles/trends-in-ipo-pops-2021-03-0... .

One obvious problem with a pop is that it implies your stock was sold too cheaply and you could have raised more money for the same shares. However, your IPO investors love it.

Direct Listings are IPO alternatives that are sometimes purported to solve IPO pops.