Comment Re:Not Too High (Score 2) 418
Easy! There are 3 major groups of investors in the Facebook IPO fiasco.
You missed a group:
4) The institutional investors that are cozy with with investment bankers and get to buy-in at the IPO price. They are the ones that really want the first-day "pop", because it means they can off-load (some) at an easy 10-20% profit. Both of those groups like this racket, because for the next IPO, the institutional investors will come back, and the investment bankers will get more IPO fees because they can ensure a sold-out IPO to the next victim/company.