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Re:Twilio opens trading at $23.99 per share by evanpw on Thursday June 23, 2016 @08:41PM (#11965408)
Both are true. The bankers make more money on this deal the higher it prices, but they can't get the next deal done unless they're on good terms with investors.
Re:Twilio opens trading at $23.99 per share by dforrestwilson on Friday June 24, 2016 @12:19PM (#11970998)
This is correct. It is a balancing act between two conflicting parties.