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don't the banks/underwriters get about 1/2 of the IPO generated cash as a fee
for the limited amount of stock sold in the IPO at the IPO price ?
so the big gainers are the bank/underwriters
and the select few CORPs who are allowed to buy the stock at the set price
as individuals are locked out of that game
the whole thing looks like insider trading too me
both by the sellers and the buyers
or that game is fixed
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