> companies normally try to price it so it goes up about 20 percent on the first day<p>Can someone explain this to me? Why would a company try to sell its shares for less than they could get? When I see something like this - 44% up on the first day - I immediately think that this was a complete failure as an IPO, because the company left so much money on the table.<p>Am I crazy? Or can someone set me straight.
After going public you need to become profitable and provide value to shareholders, not just users.<p>We'll see if they can do it like Facebook or they'll be like Twitter.