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posted by Jason Kottke  ·  gift link

This is the first level-headed thing I’ve

This is the first level-headed thing I’ve read about the Google IPO in weeks. “The success of a traditional IPO is often counted by the size of the pop but that is ridiculous. A pop means the firm left money on the table — money which was transferred to a handful of insiders who were allocated stock at the low IPO price.”