Tuesday, May 22, 2012

Joe Lizura

May 22, 2012.  Joe Lizura.  I don't normally comment much when a company goes public, because I've never invested in an initial public offering primarily because there is just too much hype leading up to the big companies when they go public.  It's interesting though that often the hype can't predict the direction of the stock when it first goes for sale.  Recently there have been a few big offerings and some have done well and others not so well.  For example, take a look at Linkedin - they went public and the shares shot up to over $100 dollars, then dropped a bit and have gone back up.  Facebook on the other hand has tanked, coming out at $38 dollars a share, and a few days later sitting at just over $30.  There's a lot of thought to this, but when it comes to an initial public offering, it's clearly a disaster.  Here's a great article about "why", check it out at:  http://www.forbes.com/sites/ericjackson/2012/05/22/heres-how-wrong-all-the-facebook-predictions-were/?partner=yahoofeed

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