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Comment IPO price probably set too low (Score 2) 24

I don't know how IPOs work in China but if this happened in the US, it would indicate the IPO price was set way too low.

The idea "IPO spike" is about 0 or maybe a little bit above 0.

If it drops on the first day that's obviously bad.

If it's goes up it means the company left money on the table. Sometimes its good to leave a little money on the table to give the IPO underwriters an others a reason to stay excited about your company.

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