While article is correct on facts, and questions greedy pricing, it does not necessarily represent correct view. While retail investor judge success / failure of IPO by listing day price, same is not the case with institutional investors. They generally have a long term view and buy in anchor portion as they get confirm allotment for large amount, which they might not get post listing (even though listing is at discount) While I agree that greedy pricing is killing IPO market, blaming anchor investors for misleading anchor is too much.
While retail investor judge success / failure of IPO by listing day price, same is not the case with institutional investors.
They generally have a long term view and buy in anchor portion as they get confirm allotment for large amount, which they might not get post listing (even though listing is at discount)
While I agree that greedy pricing is killing IPO market, blaming anchor investors for misleading anchor is too much.