Quote:
Originally Posted by Icemaster
What triggered my questioning was a lot of the social media postings by former co-workers reflecting how excited/happy/proud/whatever they were that their company went IPO. Made no sense to me and wanted to make sure there wasn't something I missed.
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They are drinking the Koolaid. Don't worry yourself with it too much. If they didn't get in on the stock before or during the IPO (not the public reselling afterwards), they probably won't gain anything. You can make good money by short-selling recent IPOs--the more over-hyped the better. (You may have to hold them for months though.)