Customers Love Free Stuff … But That’s Not Your Problem
abovethecrowd.com
JUNE 2, 2021
Warren Buffet, 1997. Those that are allocated shares have definitive and explicit monetary gain within a 24 hour period of receiving an allocation. If you look up a definition of underwriting it involves “taking on financial risk” and “putting capital at risk” which they do not actually do in a typical IPO transaction.
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