Stitch Fix Fumbles Ipo Despite Strong Underlying Business

Shares of the San Francisco-based company started trading on Nasdaq Friday, and topped $18.53, well above the initial public offering price of $15. But investors reversed the stock’s early gains and sent the stock to close at $15.15. After hours, Stitch Fix briefly traded at $14.99. The day’s trading was not exactly a textbook success, IPO watchers said.

Topics:  san francisco-based   nasdaq friday   stitch fix   ipo   stock   trading   
BING NEWS:
  • Stitch Fix: Retention Strategies May Prove Costly (Rating Downgrade)
    Stitch Fix's stock has lost over 40% of its value this year, and more losses are expected. The company's biggest challenge is client retention and market fit. It lost over 100k active customers in ...
    04/21/2024 - 3:18 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News