It was not a popular offering, said her nephew Francisco Peralta, who sells the school's packaged snack food.
However, over the last two weeks, the companies' relationship has grown increasingly tense, people involved in the offering said.
"With Burningmanrides, it was very obvious what we offering," said Jason Shen, one of the site's founders.
The company's most important offering, said Mr. Spear, is the bouquet of hotel deals that members will get.
"We don't want anything near what they're offering," said Chris McCallion, 22, who has worked at the Strand since 2010.
Deutsche Bank, which helped underwrite the offering, said it was moving to stabilize the shares.
"More developments are planned here to enhance our offering," said Livingston.
"It is highly unusual to see no risk factors in a securities offering," said Andrew Stoltman, a securities lawyer in Chicago.
Blackstone and Bain have hired JPMorgan Chase and Goldman Sachs to lead the company's initial public offering, said these people, who requested anonymity to talk about private discussions.
Data visualization is "a knockout offering," said Mr. Greenberg, who also referred to it as "data viz" (rhymes with whiz) or visual analytics.
"At first people weren't quite sure what we were offering," said Ramin Goo, 29, the founder and managing director of the Kochhaus.
