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Facebook Aside, Everyone Who Thinks IPO "Pops" Are Good Has Been Brainwashed

Business Insider
Saturday, 26 May 2012

Facebook Aside, Everyone Who Thinks IPO Pops Are Good Has Been BrainwashedLast Friday, after Facebook stock started trading at $42, most observers immediately pronounced the IPO a flop.

Why?

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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