I don't think that the size of this offering taints an IB's reputation, but I think you hit on something regarding an implicit recommendation. Also, certain players may have too much on their plates, or favor IPO's, or secondaries for their own recent IPO clients.
Rose may have previous experience with this firm, or this firm may have a relationship with some others who have expressed interest in buying into GMGC, or it may be Huber's brother-in-law :-) ,or it may be some other reason.
It is too difficult in our position to know the real reasons GMGC went with them. We either have to trust in the choice or not, and figure that soon enough we will see if it was the right choice.
I like the way things are heading. I think we can agree that the company is in a much different mode than even six months ago; whether it be the hiring, web site, pace of PRs, or the number of events they are attending.
The short term blip regarding this financing will be much less severe and of shorter duration, imho. Meanwhile it removes, if successful, the fear of another Preferred debacle.
Seconds Out. |
