Archive of UserLand's first discussion group, started October 5, 1998.
Re: Salon IPO--bombed baddly.
Author: Jonathan Hendry Posted: 6/25/1999; 8:10:36 AM Topic: Salon IPO--everyone's missing the point Msg #: 7816 (In response to 7795) Prev/Next: 7815 / 7817
"desiged to give Salon more money at its IPO when compared to the traditional method, it was a failure"No, it was designed to cost Salon less, not earn them more. IPO's aren't free. Salon gets to keep more of the proceeds.
"Maintaining a high share price that comes with your average first few day increase in stock is easier than clawing your way up from 'fair market value'"
This doesn't seem to be the case, considering how many internet IPO's have dropped well below their first-day close.
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