Shares of SpaceX fell as much as 7% Thursday to $178, leaving the stock trading roughly in line with its volume-weighted average price of just under $180.
The only IPO I ever jumped on was ARM Holdings, and that actually ended up doubling within a couple weeks. Made a tidy profit on it, then dumped it when it plateaued.
The only IPO I ever jumped on was ARM Holdings, and that actually ended up doubling within a couple weeks. Made a tidy profit on it, then dumped it when it plateaued.
Bet you wish you held it now though. Up about 7x since it first opened.
Man, I was having a good day, too…
Notably ARM was not mainstream when it IPOd either, meaning it was a safe® bet at the time.
Most IPOs have become sensationalized to drive up interest, which is terrible for everyone except a select few.
I’m not sure what you mean. It already had complete dominance of the smartphone market, which was, at the time, still growing.
Yes, sometimes gambling pays out.