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The Moment a Most Famous Dotcom Millionaire Knew the Party Was Over
Odd Lots
You Gas Shouldn't Stop Your Ipo
After a three week road show, Bear Stearns had no choice but to lower the price. The market turned round at a critical juncture where everyone was suddenly going, ok, okok, what are the new ipios on deck? That got priced ten, 15 % below their ther pop sosik priced. And so we realized that this sort of blew everything up for everybody else. Unfortunately, we were the guinea pig. It meant that all the tutions dumped the stock and left us with retail investors who weren't classically long-term shareholders.
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