> It's highly unlikely they would have been able find subscribers for the 51,551,723 shares of the offering at the post-IPO price, before the IPO.
I don't believe that. They opened at $140 but couldn't have found subscribers for anything more than $68? I don't think they're that bad at modeling the markets.
I don't believe that. They opened at $140 but couldn't have found subscribers for anything more than $68? I don't think they're that bad at modeling the markets.