Means nothing, until the expiration of the lockup period (where employees cannot trade stock). That's typically 90 days, or longer.
At which point, the stock is well-traded on the open market and has found a "correct" market price, with no necessary relationship to the valuation at IPO.
Means nothing, until the expiration of the lockup period (where employees cannot trade stock). That's typically 90 days, or longer.
At which point, the stock is well-traded on the open market and has found a "correct" market price, with no necessary relationship to the valuation at IPO.