September 4, 2012
Facebook Handled their IPO Exactly Right
Despite media backlash, Facebook’s IPO was a strategic success—selling at top dollar is smart business, not failure. Mark Cuban sets the record straight.
Thank you Mark Cuban, I’m sick of hearing people talk about how the IPO failed.
“Have you ever been to an auction where the selling party told a buyer to reduce their price because they were worried that the item might not hold its value ? Neither have I. If the CFO of Facebook came on SharkTank and told me that he was able to sell his shares to the public for $38 a share, but turned down the opportunity, I would crush him for being an idiot.”
via Facebook Handled their IPO Exactly Right « blog maverick.