On: Dropbox jumps more than 40% in trading debut

[iooi]

The bankers will sell this as building "momentum" for the stock.

It does not benefit Dropbox directly in any way, it is literally $360M that could have gone to Dropbox but went to the bankers and their clients.

[simula67 → iooi]

Banks would make money even if stock goes down, through "stabilization" https://www.bloomberg.com/view/articles/2016-11-25/appeals-c...