Greatest business in the world? It's a novel idea but it's an easily copied business model. Competitors are present already. At some point businesses will be less reluctant to give their "stuff" away at 1/2 price because it doesn't guarantee return customers. Case in point, I grabbed a four-some for $26 per round this summer and it's not likely I'm going back to the course -- ever. It was a long drive but it was just too good a deal to pass up. Think that course will do that again if there's enough people like me? There's likely to be "hype" around the stock issue but as far as it being the Greatest Business in the World...nothing could be farther from the truth.
You can not short on the first day of trading since there is no stock available for loan since no one is a holder of record until the stock settles....
i am not sure that the statement is accurate especially at firms which were involved in the underwriting.
As determined by the Securities and Exchange Commission, which is in charge of IPO regulation in the U.S., the underwriters of the IPO are not allowed to lend out shares for short sale for 30 days. This is Series 7 stuff......