RT @Benchmark: Congrats to Zipcar! Zipcar IPO zooms more than 65% http://tinyurl.com/3co6qrg
Apr 14, 2011
from
Paul Buchheit
and
Dmitry Skavish
liked this
Doesn't an IPO shooting skyward on the first day represent the company getting ripped off by its IPO underwriter, who underpriced the shares to give its favored clients a gift? I mean yay, people love Zipcar, but they should have raised 65% more cash from this deal.
- Rob Shillingsburg