Despite recent form, it is possible for shares in new flotations to go up as well as down. For example, shares in the property website Zoopla are about 9% dearer since floating in June - and that's against a falling market.
Clearly, there's still time for the company to mess things up from here, and we get its trading numbers this week, but the City seems initially impressed by the unorthodox idea of pricing the shares so they have a chance of rising. That approach might catch on.
The theory is that those in senior management have quite a lot to do in actually running their businesses, so it might not be a brilliant idea to lumber them with the extra task of constantly explaining to disgruntled shareholders why their new investment has crashed so quickly.
Intriguingly, Zoopla's finance chief is
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