Worth a listen so people understand a bit more about he power of intos in pricing.
Cornered by instos - Solar got bluffed into underpricing and a big stag chrissy pressie to the instos.
Score
Solar 0 Insto and underwriters 1 Well actually 1 huge profit margin on low risk.
It's all about your product and roadshow.
http://www.bloomberg.com/video/musk-solarcity-ipo-price-sought-wasn-t-aggressive-gDiN1ncXRciYLwShhH3a7A.html?cmpid=yhoo
ipo, page-115
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