That's exactly how it works. What you are describing is the standard IB B.S. spe... | Hacker News

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		notyourday on Oct 19, 2017 \| parent \| context \| favorite \| on: MongoDB shares jump more than 30% in $192M IPO That's exactly how it works. What you are describing is the standard IB B.S. speech. It has been debunked multiple times, starting from the time of DLJ.

kelnos on Oct 25, 2017 [–]

Huh? I'm not saying it's reasonable/good or doesn't involve cronyism and "discounts" for "favored" investors, but what I described is actually how it works.

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