Comment by yxhuvud
12 hours ago
It defeats the purpose of the value setting part of the IPO if there are guaranteed buyers. It would be better for the market and for the indices if they only hopped onto new entries of the market after any initial instability has passed.
> defeats the purpose of the value setting part of the IPO if there are guaranteed buyers
The indices don't buy into the IPO, but a few days afterwards. That's obviously easier to bridge than 6 months. But IPO buyers are still taking a risk.