In Defense of the IPO and How to Improve It, Part 2: Peeking Behind the Pop
Ben's Blog
OCTOBER 29, 2020
The laws of supply and demand, and marginal pricing, withstand the test of time. Demand matters: IPOs are a bull market product Gauging demand for an IPO can be difficult, in part because so many IPO order books are over-subscribed. IPO “over-subscription” has also become a vanity metric for the bankers and the issuing company.
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