Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
cangencer
on March 2, 2017
|
parent
|
context
|
favorite
| on:
Snap Jumps in Debut After App Maker Raises $3.4B i...
AFAIK the underwriters typically don't buy and sell the stock themselves - but offer it to their clients, who can buy the shares at the IPO price instead of the opening price. The underwriters then charge a fee based on the size of the IPO.
acchow
on March 3, 2017
[–]
They do have to buy them if they can't sell the shares to others - hence "underwriters"
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search:
