sanitation@lemmy.today to Technology@lemmy.worldEnglish · 4 days agoThe average SpaceX buyer post-IPO is almost under water after two-day slidewww.cnbc.comexternal-linkmessage-square74fedilinkarrow-up1401arrow-down113cross-posted to: economy@lemmy.world
arrow-up1388arrow-down1external-linkThe average SpaceX buyer post-IPO is almost under water after two-day slidewww.cnbc.comsanitation@lemmy.today to Technology@lemmy.worldEnglish · 4 days agomessage-square74fedilinkcross-posted to: economy@lemmy.world
minus-squareEinskjaldi@lemmy.worldlinkfedilinkEnglisharrow-up5arrow-down1·4 days agoInitially no, they’re designed to be under so that it surges after ipo, that makes it look good performance.
minus-squareSerinus@lemmy.worldlinkfedilinkEnglisharrow-up5arrow-down1·4 days agoWell this one’s designed to slip quickly into index funds and forced buying, so it makes sense to be high.
minus-squareNotMyOldRedditName@lemmy.worldlinkfedilinkEnglisharrow-up1·3 days agoWouldn’t they rather it not surge too much though, since in this case, thats billions that was left on the table.
minus-squareEinskjaldi@lemmy.worldlinkfedilinkEnglisharrow-up1·3 days agoI think it’s done so that the price goes up and benefits all the long term share holders.
Initially no, they’re designed to be under so that it surges after ipo, that makes it look good performance.
Well this one’s designed to slip quickly into index funds and forced buying, so it makes sense to be high.
Wouldn’t they rather it not surge too much though, since in this case, thats billions that was left on the table.
I think it’s done so that the price goes up and benefits all the long term share holders.