Customers Love Free Stuff … But That’s Not Your Problem
abovethecrowd.com
JUNE 2, 2021
Warren Buffet, 1997. After all, in the year 2020, investors that had access to VC-backed IPOs, earned $206 million in average one-day gains for each of 165 separate offerings, for a total of $34B in one-day wealth transfers (including over-allotments). Last year, 2020, the AVERAGE IPO was underpriced by 47.9%!
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