The text used Ariba (ARBA) and Ask Jeeves as illustrations of stocks that soared after the IPO,
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The text used Ariba (ARBA) and Ask Jeeves as illustrations of stocks that soared after the IPO, only to decline dramatically in subsequent trading. Suppose investor A bought 100 shares of Ariba at the IPO price of $28.24, investor B bought 100 shares on the first day of trading at $69, and investor C bought 100 shares three months later at
$151. If investors A, B, and C sustained losses, who profited?
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