How well is the facebook IPO projected to perform given the hype about it.
Should investors be excited about it? this given the fact that most tauted IPO's trade below their offering price.
Cases in point at the NSE IPOs/listing by introduction majority have traded consistently below the offering price and retail investors counted losses.
1.Safcom offering Kshs 5.00 now Kshs 3.20
2.TLC offering Kshs 60.00 now 26.00
3.Britak Kshs 9.00
should these offerings excite investors??
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence