Most of the stocks in an IPO are purchased by investment firms or large corporations - so it’s extremely uncommon to have no willing buyers.
The IPO price usually also allows for a pretty decent discount on the projected valuation. So, those big investors are looking to get in early and get as cheap as they can. So for something like this, there will be buyers.
That said, entertaining the hypothetical where no one buys: the IPO is likely canceled, in the most hilarious embarrassment in a good while on the market. If just a fraction of the expected shares were sold, they may be subject to a mandatory refund. Then the company can regroup and try again later, or just take the embarrassment and go.
Most of the stocks in an IPO are purchased by investment firms or large corporations - so it’s extremely uncommon to have no willing buyers.
The IPO price usually also allows for a pretty decent discount on the projected valuation. So, those big investors are looking to get in early and get as cheap as they can. So for something like this, there will be buyers.
That said, entertaining the hypothetical where no one buys: the IPO is likely canceled, in the most hilarious embarrassment in a good while on the market. If just a fraction of the expected shares were sold, they may be subject to a mandatory refund. Then the company can regroup and try again later, or just take the embarrassment and go.