Article Entry

14 May 2009

Comments:1

DigitalGlobe IPO Update: Opens Up 21% Post-IPO!

Added by USGIF Category: Daily Intelligence Brief

Early signs are showing that the DigitalGlobe IPO is a success. Today is the first day of trading and the stock has already risen 21 percent. In fact, according to the Wall Street Journal, DigitalGlobe is on track to be the fifth IPO to make first-day gains in 2009. This morning, the stock did very well by opening up at $23 a share, up from its $19-a-share IPO price. In addition, a total of 14.7 million shares were sold at a price above its expected range of $16 to $18. Way to go DigitalGlobe!

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1 Comments »

  1. USGIF wrote: 18 May 2009

    From Linked-In:

    don’t be too impressed, this is the goal of the investment firms who take a company into the IPO. the pricing is targeted to uptick, the real test is the first few months of trading. However in this market, just doing an IPO is impressive.

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