[dev_jim]

How does Wall St always seem to end up with the blame on these threads? They priced the Facebook IPO too high and they get the blame, they priced the Twitter IPO too low and they get the blame. The company just went public and raised $2B+ at a higher valuation initial valuation then anyone expected. IPOs are tricky things to get right. Give it a few months for the hype to settle down before you start screaming about "joe public".

[ryguytilidie]

Yeah how could people distrust banks after they've shown to be so completely trustworthy and transparent recently...?

[onebaddude]

And the SV/VC/Tech startup culture is just brimming with altruistic, wonderful people?

Sociopathy isn't restricted to finance. Silicon Valley has seen its share.

[ryguytilidie]

So because there are some corrupt people in Silicon Valley, one is simply not allowed to distrust bankers who have proven to not be trustworthy? Life must go well with logic like that.

[onebaddude]

>So because there are some corrupt people in Silicon Valley

So because there are some corrupt bankers, one is simply best served to dismiss an entire occupation as "proven to not be trustworthy"?

Your lessons in logic are laughable.

[greeneggs]

I am not an expert, but it seems like there should be a better IPO mechanism that sets the price just right. Why not have an auction?

[wrice314]

Pricing an IPO is more or less an auction. When pricing an IPO they set a range and then meet with institutional investors to sell their book (in this case 70M shares. The original price was 17-20 per share, and there was excess demand at this price, so the bankers and company, pushed the price to $26 per share.

[nonchalance]

WS is the ticketmaster of the financial world: public companies, private corporations, startups, VCs, angel investors, investment firms, hedge funds, and HNWIs all blame wall street for some reason, yet they thrive on the services WS provide (and depend on the money made available by WS)