The blue chips fall 74 after the government says fourth-quarter growth is 2.8%; Wall Street was expecting 3%. Facebook may file for its IPO next week. Ford, Chevron and Starbucks drop on earnings letdowns.
Newly listed companies are often among the market’s best performers. Here are some small-cap names with solid support since their debuts.
The innovative mobile gaming company has room to run.
Gogo aims to raise $100 million in an offering to help it expand operations.
Even as Michael Kors and Zynga go public, all eyes are on a bigger offering.
| Tags: | IPOKORStechnologyZNGA |
Perhaps the IPO was not as highly anticipated as we thought. Investors didn't think the stock was worth more than its IPO price.
The market's loss is its first in three weeks. The Dow rises nearly 100 points but ends down slightly on worries about Europe. Zynga closes below its IPO price. Research In Motion slumps. Crude oil and gold rise slightly.
With unexercised options, the company could be worth as much as $8.9 billion. But the $10 price in its initial public offering is lower than Street chatter of $12 a share.
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