Quote:
Originally Posted by Sexentertain_mike
I don't think it's uncommon to see an IPO go down and close down on the 1st day.
I'm sure it will rebound
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http://247wallst.com/2011/05/11/ipo-...emyfinder-ffn/
"With the whole slew of adult websites that FriendFinder has in its stable, we won?t even bother making up any more fake names? save one or two. FriendFinder just became EnemyFinder for IPO investors. Actually, maybe it is EnemaFinder.
There are some brokers with clients out there today that probably wished they never heard the combined themes ?social networking? and ?adult entertainment? in the same sentence. Calling your clients to explain a sudden 20% loss has never been a fun call. It will be pretty hard for the company and the underwriters to pin a crummy IPO like this on the volatility of currencies and commodities.
Read more: IPO Watch: FriendFinder Becomes EnemyFinder (FFN) - 24/7 Wall St.
http://247wallst.com/2011/05/11/ipo-...#ixzz1M6dd11Lr
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