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I can't understand how any IPO can lose 20+% on listing, how is...

  1. 145 Posts.
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    I can't understand how any IPO can lose 20+% on listing, how is that even possible? the brokers have a duty to price this correctly and if they haven't, then at least support the stock so it stays at least at IPO price on day 1

    unbelievable madness
 
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