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[–] 21 points 3 years ago (2 children)

The problem is that if the IPO bombs, it's the public investors that will lose money, as fuck u/spez and other shareholders will have dumped their steaming pile of shit shares onto the market from the start to reduce their shareholding and cash in.

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  • [–] 10 points 3 years ago

    When people say that, they don't mean they hope it bombs after the IPO...

    They mean they hope It bombs before the sale so Huffman and the others with a stake don't make much money

    Anyone that buys the stock after the IPO would get a lower price.

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