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Having worked in the industry for a long time I have no doubt that Invest Banking Firms are greedy fucking bastards.

However, in this situation it is more a case of damned if they did and damned if they didn't.

Before the IPO there was a fair amount of nervousness about a big launch of yet another dot com. It is easy to look at this with the benefit of hindsight and say - they should have known the share price would more than double but I doubt they purposely got it that wrong.

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