We can easily say that Mark Zuckerberg is inspired by Indian IPO pricing as post listing his personal wealth has shrunk by $4.5 billion in three weeks.
He aggressively priced IPO at $38 per share and now it is languishing at $27 per share. Zuckerberg’s about 408 million shares were valued at $15.5 billion based on debut price of $38. However, on Friday’s closing price of $27.10 apiece, his wealth has shrunk to $11 billion, a erosion of around $4.5 billion.
Verdict
The companies should be sensitive to investors interest as it is their hard earned money and should make sure that they do not drain every ounce from the investor and must leave something for them at the end of the day post listing.
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