Originally
posted by
trumper:
Wow, what a horrible IPO launch. They did find on the hype, but they let the street pummel the crap out of them in buildup with earnings bits.
Trading at $38.01 right now. They should be closing the day at 45-50 if they had executed it right.
Err it would be trading at $38 if it had been done right. You don't want to leave any money on the table as the issuer, but the greenshoe balances the price.
I mean they could've priced the shares at $1 if they were going for "biggest first day price increase" but that's obviously not very beneficial for the people selling teh shares.