I came here looking for a Facebook IPO thread
my question was about the size of the secondmarket participants
they are ALL trying to flip shares on IPO day, and I need to know if they'll be bigger selling pressure than the real interest in facebook
in the past was there such an active and accessible way to exchange shares of private companies? I'm going to say no. and I don't think till now that there has been a company that has gained so much interest coupled with the possibility of exchanging private shares.
so now we have all these people (accredited investors with largish positions) that aren't banks and don't have incentive to support the bid at IPO, nor do they get warrants
and they are all going to sell into the liquidity event. so much for the IPO pop