• The Economic Spy
Back in the 1999-2000 markets IPO’s would get priced and then open much, much higher.
Then came the tech crash and there were no IPO’s, and then when they did get come to market they would typically be duds often trading below the offering price. This was unheard of during the go-go years!
The market has since improved some, institutions are flush with cash and LinkedIn is basically the first social network to go public.
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