It looks like a great IPO. They've got great timing in terms of the market being at an all-time high. |
It will be harder to retain the absolute superstars. |
Most finance professors in the back room, where their name isn't quoted, would tell you they think the market has gone crazy. |
Most likely, in the future there will be more retail access, even though one doesn't need them. |
That's going to be a very interesting dynamic that's going to play out there. There will be some serious strategizing in the corporate suites of the best investment banks in how to deal with this venture. |
The jump was quite impressive. The stock is now at a level that's just about where it should be, if you look at their competitors. |
They're basically showing off and endorsing how to do an IPO. |
This was a company that was in hot demand, and I would have been surprised if they had come in anywhere less than where they did. |
When one serves dinner for four friends, one might serve caviar. But when one serves dinner for 400 friends, one would more likely serve hot dogs. |