34 0

This morning, while checking the latest price for shares of recent IPO Poshmark, I noticed that they were down from their first-day results. The company’s pricing was more than strong, and its first trading results were nearly comical. After setting a $35 to $39 per-share IPO price range , Poshmark sold shares in its IPO at $42 apiece . Then it opened at $97.50. Such was the exuberance of the stock market regarding the the used goods marketplace’s debut. But today it’s worth a more modest $76.30 — for this piece we’re using all Yahoo Finance data, and all current prices are those from yesterday’s close ahead of the start of today’s trading — which sparked a question: How many recent tech IPOs are also down from their opening price? Full story

21 January