"As Eric Tilenius, the general manager of Zynga, wrote on Facebook: 'A huge opening-day pop is not a sign of a successful I.P.O., but rather a massively mispriced one. Bankers are rewarding their friends and themselves instead of doing their fiduciary duty to their clients.' "
EDIT: I just noticed that this op-ed was published four years ago to the day!
"As Eric Tilenius, the general manager of Zynga, wrote on Facebook: 'A huge opening-day pop is not a sign of a successful I.P.O., but rather a massively mispriced one. Bankers are rewarding their friends and themselves instead of doing their fiduciary duty to their clients.' "
EDIT: I just noticed that this op-ed was published four years ago to the day!