Facebook Aside, Everyone Who Thinks IPO "Pops" Are Good Has Been Brainwashed
Saturday, 26 May 2012
Last Friday, after Facebook stock started trading at $42, most observers immediately pronounced the IPO a flop.
Because the IPO had been priced at $38, which meant that the IPO "pop" was only about 10% above the IPO price.
Facebook stockholders who had bought the IPO the night before had instantly made 10%...
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