Hacker News new | past | comments | ask | show | jobs | submit login


No, I said it is too soon to tell, and that it has more to do with the balance of power going into the IPO.


They explained it pretty succinctly. Grossly oversimplified: the bank is motivated to accurately price in order to preserve future business from e.g. institutional investors. Overprice and your investors bleed. Substantially underprice and you leave money on the table, less likely to be picked for future offerings. Come close and everyone's generally pretty happy.

I'd be keen to hear why you believe it's "just not right at all."

Registration is open for Startup School 2019. Classes start July 22nd.

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact