Slightly conspiratorial prediction - The IPO does completely fine over the next 6 months - capitalists everywhere would be kinda screwed if this IPO immediately flops and causes the IPO market stays closed, might as well spend a few billions collectively to prop it up. The cost might be a couple billion but the upside to IB, VC, etc. would be a lot more.
unknown|2 years ago
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credit_guy|2 years ago
questime|2 years ago
It doesn't involve scheming, secret organizations etc. If you were a huge LP and you took on a lower ROI investment on ARM but it increases the value of all the companies in your portfolio wouldn't you do it? Also as an investment banker you would pull out all the stops to get this deal done in a favorable way to investors since you want the market to reopen. That isn't manipulation either, the IB is lowering their fees in order to get the market back open.