“This is a barometer IPO,” says Scott Sweet, a managing director at IPO Boutique, an IPO rating service.
Noodles & Co. staged its IPO on a sleepy, muggy, low-volume trading day.
Meanwhile, the finger-pointing and recriminations continue over the way the IPO was handled.
The stock opened trading at about $36, double the IPO price, and closed the first day at $39.86—a one-day gain of 121 percent.
Since Waze, Soluto and Onavo, both Israeli startups, have had great exits in consumer tech, and Wix “unicorned” through its IPO.
Pincus, through a spokesman, declined to comment for this article, citing the SEC-mandated quiet period that precedes an IPO.
The founders and bosses will have Class A shares – one share, one vote – just like any schmo who buys in at the IPO.
Paul A. Eisenstein on whether GM's IPO could release it from government's grip entirely.
The social network made a huge splash with its IPO today, rocketing above its initial share price.
Its shares keep plummeting, falling to just over half the high reached on the day of the IPO.