“CarGurus” IPO, On October 12, 2017, Only Good For Those Lucky Enough To Have $16 IPO Shares.
I had read, prior to the open (on Thursday, October 12, 2017), that the IPO shares had been re-priced at $16 — higher than the original $15 ceiling.
Well it appears that I didn’t miss much.
It opened at $29 which meant that there must have been a huge backlog of demand at the start. So a very nice 81% pop for those that had $16 shares. Wonder how many of them got a chance to sell.
But, the trend appears to have been a downward drift from the initial enthusiasm.
I will have to keep an eye on it.
++++ Check Category ‘Investments’ >>>>