Re:Tesla Prices IPO At $17 Per Share
by marciovm123 on Tuesday June 29, 2010 @02:05AM
(#1470566)
The market cap is much more instructive to have in the title - price per share by itself carries no information.
[ Parent
| on HN ]
I agree with you mostly, but price per share does carry some information. You don't think there would be any difference if the price per share were $0.00001 as opposed to $1,000,000 - even if the market cap were the same? There is a subtle difference because the price is determined by the buying and selling of the shares - and different types of people would be buying and selling the shares at these prices.
It does if you're trying to figure out how many shares you can buy. It's also of note because $17 is higher than the planned $14-16 range.
Number of shares I can buy carries no information. Percentage of the company that I can own for x dollars carries some information.
Although if you already knew about the earlier plans you mention, than the new 17$ per share is news. (I was not that informed.)