So…Facebook’s IPO was on Friday…and it was one of the least exciting IPOs I’ve ever seen.
The hype leading up to it was off the charts. This was supposed to be one of the biggest IPOs in years. It opened pretty stinkin’ close to my prediction. And then slowly dropped back to the IPO price – $38.
I expected a big pop, but the fact that there really wasn’t much of one shows that the investment bankers did their job and priced the IPO well. A big pop would mean that they underpriced the stock and FB wouldn’t have received as much money as it should have.
Now, I betcha we see a big drop when the market opens tomorrow. I still think the stock is way overpriced.
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Aaron @ Aaron Hung.com writes How to be extraordinary – Have you ever stopped and wonder how people like Mozart, Shakespeare, DaVinci and even Jordan became such an influence in our everyday lives? How is it that they became so creative and talented that it seems almost impossible for anyone to try to be like them?
JB @ My University Money writes Are Banks Really In It For You? – Learn from my mistakes and never assume the banks are in it for you. They aren’t, in fact they make a killing off you so don’t make it easy on them whenever they try to push a product on you.
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