Facebook IPO

Personally I've never really understood the whole facebook thing. Must be too old or something. I just don't get the appeal.

From a business perspective, they over priced a little. It would seem to me that ideally you would price your IPO at the level where the stock would be a week or so later. For some reason everyone expects that an IPO will double your money (or more) on the first day. When that is the case I would say that the company set the IPO price too low and they left money on the table so to say.
 
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