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Again, the claim was since 2008 there hasn't been a major IPO to close below its IPO price.

And you site an IPO form the 90's? sigh...

Saying it has not happened in 10 years is not the same as saying it’s uncommon. 1+ billion dollars IPO’s is a tiny sample set and completely arbitrary cutoff points. Go back another 8 years and you can find 18.

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