"Market clearing prices of our limited supply of portraits of Ben Franklin, which we had priced at $50, surged up to $100 on the first day!"
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@patio11 It's not all the way to 50% dilution, but you might be interested in eg this from@EpicureanDeal http://epicureandealmaker.blogspot.ca/2013/09/go-ask-alice.html … (& links)Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 First-day-gains are mostly a bribe for pumpers.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 This. I vividly remember the Internet angst when FB didn't "pop". My response: "Zuck understands 'buy low, sell high'."Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 IPOs may be under-priced, but remember that prices are of the marginal txn. Able to sell 0.00001% at $100/share ⇏ sell 20% at $100Thanks. Twitter will use this to make your timeline better. UndoUndo
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