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A comment on Snap Jumps in Debut After App Maker Raises $3.4B in IPO. Parent comment

Re:Snap Jumps in Debut After App Maker Raises $3.4B in IPO by jonknee on Thursday March 02, 2017 @11:53AM (#13775640)
No, it was a disaster that led to years of litigation. NASDAQ admitted it was their technical error and paid millions to settle lawsuits stemming from it.

This obsession by techies that you're leaving money on the table if your shares go up after an IPO is bizarre.

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Re:Snap Jumps in Debut After App Maker Raises $3.4B in IPO by toast0 on Thursday March 02, 2017 @12:43PM (#13776244)
> This obsession by techies that you're leaving money on the table if your shares go up after an IPO is bizarre.

If the company gets $X/share at the beginning of the day, and bankers get $X * 1.5/share at the end of the day, that feels like a big donation to Wall Street. If I'm an investor, I'd rather the company have all the capital than 2/3rds of the capital as well. It feels like if a company would sell a portion of the offering through the traditional channels, and the remainder at market prices throughout the first couple days of trading, it might better capture investment.

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Re:Snap Jumps in Debut After App Maker Raises $3.4B in IPO by ceejayoz on Thursday March 02, 2017 @12:27PM (#13776034)
> This obsession by techies that you're leaving money on the table if your shares go up after an IPO is bizarre.

How is it not leaving money on the table?

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Re:Snap Jumps in Debut After App Maker Raises $3.4B in IPO by maxerickson on Thursday March 02, 2017 @11:57AM (#13775704)
It priced 2 or 3 billion dollars over the early valuation estimates (a few weeks before the $38 debut, the roadshow was floating $32 as the top number).

It was a $30 million settlement.

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