Facebook’s public offering failed to be the moneymaker investors were hoping. “I got into this IPO to try to make money,” said Murli Gupta, a math professor at George Washington University. “I was hoping it would climb up high like some of the other hot IPOs, like Red Hat or Google.” After one week of trading, Facebook stock closed over 20% below its offering price. Shares have been hurt by trading glitches, complaints of too many shares offered at too high a price, and lawsuits alleging underwriters failed to share lowered earnings forecasts. Gupta sold his shares at a loss of $547.50. “There is no rule written anywhere that IPOs always go up,” said Mark Nicolussi, an engineer from Pennsylvania.
Here are four strategies for using digital tools to help consumers buy, manage and use the products you sell.
The United State is not near the top of this list.
The rules might exclude entities with large U.S. insurance underwriting operations.
Sponsored by Fidelity Investments
Get insights into the mindset that’s driving today’s advisors to make a move--and help realize their unique business vision.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.