History, 09.04.2021 20:00, fatlenny

Acme Company just had a very successful IPO. Initial shares sold at a price far above their realistic value. The “buzz” on the streets is that this is a very promising stock. Demand for the stock is high and rising. Is the price of Acme Company's stock likely to rise or fall? Explain your prediction. (I am aware that the stock price is more likely to rise than to fall, I am just unable to find the right words to explain my prediction.)

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Acme Company just had a very successful IPO. Initial shares sold at a price far above their realisti...