Evidence receipt / belief
Published · transcript-backedSpeaker unverified: belief
3 Apr 2017 Acquired The Starbucks IPO with Dan Levitan
“In theory for the flippers, they wouldn’t get less the money the higher you price. So I think from the very beginning, the investment bankers are trying to find what a nice bump is but not an incredibly overwhelming bump, because it feels like you’ve left too much money on the table yet if you don’t kind of have it be if it breaks the IPO price, then it becomes a negative story.”
— Speaker unverified
Source trail
Everything needed to verify it.
- Speaker
- Speaker unverified
- Attribution
- Not verified from this transcript
- Claim type
- belief
- Recorded
- 3 Apr 2017
- Publisher
- Acquired
Transcript context
…Yeah. And Dan, before we move on from this, what are the implications of pricing at 16 versus 17 both for the company, for the people buying those shares, for the investment bank. Why was that a contentious issue? Well, the pricing of an IPO is a very complicated thing because you have multiple constituencies. For the company, clearly, they would have gotten more money and they did get more money at 17. In theory for the flippers, they wouldn’t get less the money the higher you price. So I think from the very beginning, the investment bankers are trying to find what a nice bump is but not an incredibly overwhelming bump, because it feels like you’ve left too much money on the table yet if you don’t kind of have it be if it breaks the IPO price, then it becomes a negative story. Right. It’s damaged goods.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.