FreeServe IPO Goes Off Well
from the internet-mania-across-the-pond dept
Well, it's not that big of a surprise, but I guess it's worth mentioning that the British ISP that made free ISPs famous: FreeServe, has had a pretty good IPO, at least by British standards. A 40% increase is certainly nice, but call us when you have a really ridiculous IPO like we're used to over here.
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Freeserve IPO
[As someone on the other side of the pond] - I don't think they price IPO's any differently over
here than in the US - we just haven't been hit by the Tech-Stock fever you guys have been experiencing yet.......
[If you think about it wouldn't make sense to deliberately underprice an offering - the company issuing the Equity is effectively throwing away good money........]
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Throwing away money
Meanwhile, there's a ridiculous perception among retail investors that an IPO has to shoot up to insane heights if it's really worth anything.
Ah... what a fun marketplace.
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