The article in question here is titled, very specifically, "Snap Tumbles Below IPO Opening Price..." making the comment you're responding to especially apropos.

The article in question here is titled, very specifically, "Snap Tumbles Below IPO Opening Price..." making the comment you're responding to especially apropos. While you may think that just the IPO is finished "that part of the story is done", it is very specifically that part of the story that we are currently discussing. You'd have to be blind not to have noticed the rather irrational interest that the investing public takes in IPOs lately, especially tech IPOs. Despite both the 2001 dot-bomb and the 2007-2009 crunch, there are clearly a large number of investors hoping for a low-probability / high-reward speculative investment in tech IPOs regardless of the unerlying business fundamentals. Pointing out that IPOs are typically a sucker's game is something worth repeating, I think.