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No, that won't prove the haters wrong. It will prove the haters wrong if Uber can not only IPO but not crater thereafter.

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I mean. If they briefly touch $120B at 10am on their opening day and then sanity prevails and they close trading at $20B, sure, I reserve the right to crow about how I was an Uber skeptic before Uber skepticism was cool.

But if they spend a few weeks at $120B and then cool off to $90B, or even $60B, then I should and will eat that crow.

General employee lockup [1] ends at 6 months usually. A tank right before/at that time could signal what the insiders think and the long term prospects in general.

[1]: https://www.investopedia.com/ask/answer/12/ipo-lockup-period...

Why should you eat crow?

Opening weeks of an IPO is usually a frenzy until rationality returns, no?

Because aetherson's definition of sanity is 20B. If the stock is 60b after 6 months, then crow eating is not totally unfair.

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