underwriting banks
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Oct 28, 2024 by David Rosenthal · across every show →
Everything said about underwriting banks, oldest first
Oct 28, 2024 negative
Facebook Avoided First-Day IPO Crash Only Due to Underwriting Bank Intervention
“Facebook shares end the day at 38 dollars and 23 cents, up 23 cents from the IPO price, but only because all of the underwriting banks in the IPO stepped in to buy shares and support the price, which was totally crashing throughout the day.”