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Strategies & Market Trends : BAK - Investing

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To: XoFruitCake who wrote (2767)	5/23/2012 7:21:01 AM
From: Flipper2058	1 Recommendation Read Replies (1) of 3249

Re: re FB - interesting to see so much blame for the FB IPO but is Mo ""And what is wrong with getting highest price possible? "" You are getting your answer now. The bad press is brutal and you killed your trust with your buyers. YOU want to be the guy that buys at the top tick? Funds SAY they are long term but would you want an instant loss or a gain? If you have low priced shares would you be likely to add later? Probably... Think of it like getting a 20% coupon to shop at a store. Generally the way these SHOULD work...like LKND did it. Sell a small amount of company stock and make your IPO a success. Prove to the street you can run a public firm and your Underwriter and the street is going to provide research, THEN you and your selling shareholding pals can sell stock. Alex Brown was a master at this in the 1980's and can be largely credited with bringing the tech IPO market a life. I worked there for a time then, fascinating. Prior to that it was mostly venture funds and Salomon and Forst Boston would never touch "venture capital underwriting". The firms were too small for most to touch. In reality it is mostly true. FB is going to HAVE to switch Underwriters as no one will touch their deals now. If FB trys to sell more stock traders are going to short the hell out it before hand and give them a lower price for fear of a busted deal. You would too.... Anyway this game has been prefected over the last 100 years. The problem is when management starts telling the B/D what to do as in the FB case. You think MS wanted this bad press too? They buried a LOT of accounts with this one. It will cost them a lot of business down the road. Dumb, dumb.

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