Re:Price Cost Twitter Cash but Gave It Credibility
by prostoalex on Saturday November 09, 2013 @01:18PM
(#6702476)
That $40 floor exists once the market starts trading and there's external confirmation and safety in numbers.
The IPO process is more or less bankers emailing clients asking "Hey, want to buy this brand new company at $26? How about $32?" You essentially have to make a decision without information on how other buyers behave, which forces conservative behavior.
The IPO process is more or less bankers emailing clients asking "Hey, want to buy this brand new company at $26? How about $32?" You essentially have to make a decision without information on how other buyers behave, which forces conservative behavior.