I have done almost a dozen post over it and tried to reveal the concept of IPO and what does indicates. One of the true indication of the IPO’s is that “It’s probably overpriced.” that has always been true since inception. Facebook IPO is another chapter in that series.
The objective of an IPO is meant to fund the company and reward its founders, and make money for the people who are handling the deal. If you’re an average investor, you’re not getting
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