I am not seeing much of a problem in underpricing for direct sales and allowing a secondary market.
It’s just occurred to me that this is the way that IPOs work. A company going public wants its offering to sell out promptly, to get the money it went public to raise. A consensus value is established in subsequent trading, and if the people who bought into the initial offering see their holdings immediately bump up in value, they’re happy too.
It’s just occurred to me that this is the way that IPOs work. A company going public wants its offering to sell out promptly, to get the money it went public to raise. A consensus value is established in subsequent trading, and if the people who bought into the initial offering see their holdings immediately bump up in value, they’re happy too.