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'Candy Crush' IPO Flops, Worst Trading Debut This Year
Loved the interview on CNBC with the CEO, especially the part when Cramer recommended that he ask his bankers why they wanted to embarrass him today.
The CEO should have answered that he is indeed embarrassed to have his net worth go up more than Cramer's in just one day.
Why is a company worth a dollar or so per share being valued at $19 per share be said to have a flop IPO? All the founders and investors make a boatload and the employees get a nice bonus when they get past the lock in period. The bankers made many, many millions. A lot of people would love to have such flops.
Comments
Loved the interview on CNBC with the CEO, especially the part when Cramer recommended that he ask his bankers why they wanted to embarrass him today.
Ha!
Why is a company worth a dollar or so per share being valued at $19 per share be said to have a flop IPO? All the founders and investors make a boatload and the employees get a nice bonus when they get past the lock in period. The bankers made many, many millions. A lot of people would love to have such flops.