First-Day IPO Pops Leave Billions On The Table, Raise Questions About Pricing

While the recent IPOs of Airbnb, DoorDash and C3.ai have illustrated the heat in the public markets for tech stocks, they also raise questions about how initial public offerings are priced.

All three saw significant “pops” — jumps in stock price — in their first day of trading. While that may make those who were able to secure shares excited, it also can mean the companies themselves left hundreds of millions of dollars — or billions in the case of Airbnb and DoorDash — on the table. READ MORE