“CarGurus” IPO, On October 12, 2017, Only Good For Those Lucky Enough To Have $16 IPO Shares.

by Anura Guruge


Click to ENLARGE and study. From “MarketWatch”.


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.

Given what happened to the SWICH IPO last week, I didn’t even bother to check CARG during the day. I was kind of busy.

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.


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by Anura Guruge

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About Anura Guruge

See 'The Blogger' on my https://nhlifefree.com/ blog.

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