I have read some of the great articles the fool has on IPOs, but I'm confused about the underwriters true motivation. In one article it points out that Underwriters want to bring "high flyers" to their best clients to foster additional commisions. However, it was also pointed out they really work for the companies they are underwriting. If I was a company who had paid an underwriter to take me public and the stock goes up 400%, shouldn't I be upset that they set the price to low (maybe to produce a "high flyer"? Isnt this alot of money "left on the table" that my company will never see?
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