First trade was up 89% at $35...........half of the available float has traded by 11 am.......
The average hedge fund last year did NOT beat the S&P 500. The underwriters of this deal should be taken out to the woodshed for not pricing this deal correctly. Unfortunately, management all became billionaires on this deal so they really could care less.
What's a few more million for the boys in the boardroom when they have the billion on paper?
Are Dutch auctions a thing of the past?
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