Coulda' Woulda' Shoulda'
Today's Globe reports that the company behind the little red robot that keeps my floors so spankin' clean is also cleaning up on the NYSE.
Shares of iRobot climbed $2.70 to $26.70 from their opening price of $24. The company and its insiders sold 4.3 million shares on Tuesday, in an initial public offering seen as a test of the appeal of robotics to investors. The company said its share of the offering was about $72 million, and yesterday's trading gave it a market value of $621.8 million.
As I write this, the stock is trading at $34. Why, oh why didn't I buy some yesterday at the IPO? I thought about it. I can still pick up some shares but this is like buying a coat right after the 20% off sale ended...
Shares of iRobot climbed $2.70 to $26.70 from their opening price of $24. The company and its insiders sold 4.3 million shares on Tuesday, in an initial public offering seen as a test of the appeal of robotics to investors. The company said its share of the offering was about $72 million, and yesterday's trading gave it a market value of $621.8 million.
As I write this, the stock is trading at $34. Why, oh why didn't I buy some yesterday at the IPO? I thought about it. I can still pick up some shares but this is like buying a coat right after the 20% off sale ended...
<< Home