Hint: a company wants to raise as much money from an IPO as possible, and if the stock goes substantially up afterwards, that just means it should have priced the IPO higher.
(Also see today's cartoons from Walt Handelsman, Steve Kelley, Glenn McCoy, Dana Summers, Jeff Darcy, Bob Gorrell,
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Please remember that the purpose of Editorial Explanations is to explain and to expand knowledge, rather than to engage in any partisan bickering. All cartoonists are completely correct, in their own worlds.