• MerliSYD@lemmy.one
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    1 year ago

    The problem is that if the IPO bombs, it’s the public investors that will lose money, as fuck u/spez and other shareholders will have dumped their steaming pile of shit shares onto the market from the start to reduce their shareholding and cash in.

    • driving_crooner@lemmy.eco.br
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      1 year ago

      It would be the Institucional investors that have the opportunity to buy before the share is open in the market. After that is fair game to anyone stupid enough to buy it.

    • givesomefucks@lemmy.world
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      1 year ago

      When people say that, they don’t mean they hope it bombs after the IPO…

      They mean they hope It bombs before the sale so Huffman and the others with a stake don’t make much money

      Anyone that buys the stock after the IPO would get a lower price.