If the underwriter has every incentive to lowball the price, why on earth was Morgan Stanly selling its clients ways to short the Lyft IPO?
https://techcrunch.com/2019/04/05/morgan-stanley-which-is-un...
https://techcrunch.com/2019/04/05/morgan-stanley-which-is-un...
[0] https://www.bloomberg.com/opinion/articles/2019-05-07/lyft-s...