I wonder if TZL can land a highly regarded underwriter?
Just did some research and found Goldman Sachs (Best in the business) averages a 23% return on the first day of IPO's.
If the economy is bad at the time of IPO, signficant underpricing might not be a bad thing as this could enable a large first day gain, which in turn would be excellent promotion and recognition for TZL?
Any thoughts would be well appreciated.
lead underwriter and ipo timing
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