That's correct. The CFO who led this should get a huge bonus. As Mark Cuban said: if the CFO said he was able to raise $10B in an IPO and then decided not to in order to protect investors, he should be fired. (That's a rough paraphrase.)
>> why would anyone want to be one?
Because if you can get in pre-IPO you usually do quite well selling to the suckers at the open. But the suckers don't realize that the key point is "pre-". A few might remember the glorious IPOs of the 90s that seemed to rocket up every day, and hope this will happen to every Internet IPO.
That's correct. The CFO who led this should get a huge bonus. As Mark Cuban said: if the CFO said he was able to raise $10B in an IPO and then decided not to in order to protect investors, he should be fired. (That's a rough paraphrase.)
>> why would anyone want to be one?
Because if you can get in pre-IPO you usually do quite well selling to the suckers at the open. But the suckers don't realize that the key point is "pre-". A few might remember the glorious IPOs of the 90s that seemed to rocket up every day, and hope this will happen to every Internet IPO.