I knew it was a screamer but never expected this. You can’t ever trust the bankers. This pricing is a perfect example of the games played by these criminals. Their pricing, screws Chipolte’s, costing them a few hundred million in cash and screws the small investor who now has to pay up a rediculous premium. The large funds that got allocations and the bankers, make out like bandits. Really disgusting behaviour. So soon after the bubble and back to the same games.
Almost as pathetic is the media with their headlines – “Fiesta for Chipolte’s”, “Spicy opening day…”.