Re:Deliveroo to offer 50M pounds of stock to customers
by chii on Sunday March 07, 2021 @08:20PM
(#26381439)
> This is based on the narrative that IPOs are systematically underpriced
IPO's that are systematically underpriced are the ones that aren't available to the general public (i.e., an allocation offering for private, accredited investors).
It is likely that any IPO allocation available to the public is not underpriced, but at most priced correctly, and usually more likely to be over-priced!
IPO's that are systematically underpriced are the ones that aren't available to the general public (i.e., an allocation offering for private, accredited investors).
It is likely that any IPO allocation available to the public is not underpriced, but at most priced correctly, and usually more likely to be over-priced!