Quote:
Originally Posted by Sean
I think it's worth about 15 bucks. They gamed that IPO good.
|
I think you might be generous, I believe it will settle closer to $10 given the fact that they are not as profitable as they were leading people to believe pre-IPO, and that 3/4 of their shares are still privately held by early employees. I seem to remember (although it might have been about google) that they have an cafateria employee who had been working at minimum wage for a few years in exchange for a regular amount of shares in addition to his minimum wage pay.The guy left with millions in his pocket.
But yeh they gamed the system big, over valued their shares, built up hype surrounding a service that wasnt as profitable as it could be and walked away with pockets full of cash.