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Re: formerdtrader post# 2899

Wednesday, 10/13/2021 10:37:16 AM

Wednesday, October 13, 2021 10:37:16 AM

Post# of 3701
The underwriters. They know the pricing. Hypothetically, if it prices at 8 tomorrow, they will sell above knowing they are buyers at the ipo price. Even though the first trade could end up being 12.