Say the Airbnb IPO price is set at $60 and there are bidders for 113 million shares at or above that price (twice the deal size), then the company in consultation with the underwriters led by Morgan Stanley will decide which of those investors get allocated stock.
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Yeah I had a client today who has a chunk of vested stocks that she has been given for several years..
They hype is big around it
Imagine her receiving these shares and having to receive easy money for her stocks as it gets pumped
gotta consider the fiscal impact too
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