Rosetta Stone just IPO'ed this morning. The stock was priced at $18 and looks like it will open up $25. This is very good news for the market in general.First, it's a very good sign to see a successful, well-received IPO's in a weak economy. This IPO reminds me of the Mastercard IPO (at $40).
It looks to me like it was deliberately priced low to encourage buyers.
If you were able to secure stock (at $18) you would be able to flip it into the open market at $25 today. That's close to a 40% pop. Yes, it's a peace offering to shareholders.
Folks, this is Johnny Newsmaker signing off. We now return you to your regularly scheduled programming… "IPO UPO" only on Ranting-TV…
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