Re:TWTR
by apaprocki on Thursday November 07, 2013 @12:21PM
(#6690687)
From the Bloomberg story, which sums it up:
“The company did everything to secure the most cash for itself while leaving some money for the IPO buyers,” said Josef Schuster, the founder of IPOX Schuster LLC, a Chicago-based manager of about $1.9 billion. “You need a pop at the opening to leave a good taste with everyone. They did a pretty good job managing the whole situation.”
Re:TWTR
by mikeash on Thursday November 07, 2013 @12:35PM
(#6690817)
I was pretty sure that the financial companies demanded massive bribes in exchange for orchestrating an IPO, but it's still amazing to see it admitted in such a blatant fashion.
“The company did everything to secure the most cash for itself while leaving some money for the IPO buyers,” said Josef Schuster, the founder of IPOX Schuster LLC, a Chicago-based manager of about $1.9 billion. “You need a pop at the opening to leave a good taste with everyone. They did a pretty good job managing the whole situation.”
http://www.bloomberg.com/news/2013-11-07/twitter-raises-1-82...