The market decides the price, but the company decides the timing. Any IPO is pos... | Hacker News

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ScottBurson on Sept 23, 2015 | parent | context | favorite | on: The Risk of a Billion-Dollar Valuation in Silicon ...

The market decides the price, but the company decides the timing. Any IPO is postponed until it is clear the minimum price can be obtained.

chetanahuja on Sept 23, 2015 [–]

"The market decides the price"

Well, not quite the market... just the undertak... I mean underwriters. Which is not quite as open-markety a process as one might assume.

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