Originally Posted by
CJ
Agree. I will re-guess closer to the time but my guess is that the first trade will be about 30% higher than the IPO price before dropping down after a day or two or be just higher tha IPO price in the medium term (6 months).
My understanding is that there will only be 5% new shares issued. Added to that, alot of current investors who bought via the secondary market are locked in for about 6 months. As such, there will be very few existing shares being traded and with only 5% new (even if worth $5B plus), the IPO will definitely be great to stag.