they like to throw investors some easy wins, some layup ipos that are intentionally underpraised so theywhen the shares start trading. why do i think they would underprice the deal and short change their investment banking clients, because it's just as important to the brokers that their other clients, the ones that pay them commission, keep them interested in the market. and for most investors, the gains from a sweet, underpriced ipo, or offerings with a small float that boosts chairs are a great reason to feel good about being in the stock market, about owning stocks, about buying stocks. when times are tough, the brokers want to entice you back into the stock market. hey, come on, that makes a lot of sense, right? they've got to find out ways, because their business depends on you buying and the investor selling. and by the way, the companies don't mind this, as long as not too much stock is given way too low. so for the anatomy of ipos that fit this pattern, i need you to look at linkedin, and groupon, which priced in 2011 and rose 109% and 31% respectively in their first day of trad