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> Uber is currently well below it’s IPO price. Historically, that’s not uncommon. The claim was that Uber might be the first major IPO to close below its IPO p
by chollida1 7y ago
> Uber is currently well below it’s IPO price. Historically, that’s not uncommon.
The claim was that Uber might be the first major IPO to close below its IPO price that day.
If its not that uncommon then please show me the other major IPO's that traded below their IPO price on the day they went public.
I'll wait :)
- Retric 7y agoOff the top of my head. Alstom and CIT Group where both top 20 IPO’s of all time and they fell opening day. Several others where up and down at various points in the day. Which is more my point, being down at some point on opening day is fairly common.
- chollida1 7y agoAgain, the claim was since 2008 there hasn't been a major IPO to close below its IPO price. And you site an IPO form the 90's? sigh...
- Retric 7y agoSaying it has not happened in 10 years is not the same as saying it’s uncommon. 1+ billion dollars IPO’s is a tiny sample set and completely arbitrary cutoff points. Go back another 8 years and you can find 18.