“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.

Related Posts:
Check Category ‘Investments’  >>>>

by Anura Guruge


Tags: , , , , , ,

About Anura Guruge

See 'The Blogger' on my blog.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: