On the plus side of things due to the fact that the stock did so well, this might open up some new doors for the company in regards of attracting more investors.
Yesterday April 14th ZIP Car went public. The stock was undersold by their underwriters Goldman Sachs and JP Morgan. The stock debuted at $18.00 and by the time the closing bell went off, the stock escalated to $28.00. Although the stock looked like a superstar on the market on its first day it is said that the company is expected to lose 50 million dollars. Analyst say that that stock should have been introduced at about $23. I am keeping a eye on this stock today. It seems that alot of traders are unloading the stock in order to secure a profit to their clients. ZIP Cars stock can be found under the symbol ZIP. 
On the plus side of things due to the fact that the stock did so well, this might open up some new doors for the company in regards of attracting more investors.
On the plus side of things due to the fact that the stock did so well, this might open up some new doors for the company in regards of attracting more investors.
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