Yeah, I was watching that. Does this mean that people who paid...

Yeah, I was watching that. Does this mean that people who paid $1.60 for them on issuance, have now sold them for less? Is that how this works on IPO day when the price goes down? I can't imagine why you'd buy share for the IPO, and then sell them on the day of the IPO for less. I would have just thought that for a few days the share price would either go sideways or up. Not down. But as I said before, I am somewhat new to this.