Gurley states IPO underpricing totaled $24 billion in 2020, up from $6-7 billion prior years.
“Ironically, you know, in year to date, 2020, the total underpricing dollars on the traditional IPO is $24,000,000,000 And it was in the 6 to 7 range the past two years up from three the year before.”
Gurley states 2020 IPO underpricing will exceed $34 billion in one-day giveaways, predicts fiduciary duty lawsuits.
“This year, it's gonna be over $34,000,000,000 in one day giveaways. You know, if you you wanna talk about legal issues, I think people are gonna come after boards, for fiduciary duty violations”