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JohnCM

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JohnCM

Re: gfp927z post# 69

Monday, 12/21/2020 8:19:47 AM

Monday, December 21, 2020 8:19:47 AM

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Short down to $130

It’s All Guesswork: Wall Street still has no great ability—or desire—to price new issues, which means that IPOs remain a wealth transfer from issuers to institutions. For DoorDash, the original price talk was pegged at $75 to $85 a share. The IPO priced at $102 and opened at $182. That gave DoorDash a value of $70 billion, generating $30 billion for IPO investors—not bad for an overnight gain.

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