Last week, mobile payment company Square launched its IPO at $9 per share, closing the day at a 45% gain of $13.07.1 However, in spite of ending the day at a gain, Square’s IPO opening share price was lower than expected.2 As of early last week, it was speculated that the company would open at…
Tag: I.P.O.
Playing the Sports Market
Fans of fantasy sports who want to turn their fandom into real life may now have the chance. Sort of. Fantex, an investment company and trading platform, now offers the opportunity to invest in the future earnings of athletes.1 Here’s how it works: an athlete registers with Fantex for an Initial Public Offering (I.P.O.), where…
Despite Outstanding Growth Prospects, Alibaba’s IPO Fraught with Risk
Although few retail investors in the United States have even heard of Chinese e-commerce behemoth Alibaba, anticipation on Wall Street this week for the company’s forthcoming I.P.O. is palpable.1 Touted by many as a uniquely positioned hybrid of eBay, Amazon, and Google, the company announced its plans earlier this year to go public in New…