> thinking back to the prices paid on secondary markets pre-IPO. Staunch FB defenders argued this was useful price discovery
I'm no FB defender, but doesn't the IPO placement of 421 million shares at $38 indicate that the secondary markets had it correct? The decline, albeit soon and somewhat swift, occurred afterwards.
> thinking back to the prices paid on secondary markets pre-IPO. Staunch FB defenders argued this was useful price discovery
I'm no FB defender, but doesn't the IPO placement of 421 million shares at $38 indicate that the secondary markets had it correct? The decline, albeit soon and somewhat swift, occurred afterwards.