It's starting to get rough in the market... even flashy IPOs are struggling.
For a picture of this "struggling," take a look at the price action in one of the leaders of language education, Rosetta Stone.
Until this spring, you probably ran across Rosetta Stone only in mall kiosks and magazine ads. But in April, that all changed when the company staged the year's most successful public offering. Shares gained 40% on the first day of trading... and climbed as much as 76% higher within a month.
But as you can see from today's chart, folks just don't have much stomach for newer, riskier companies lately. Rosetta is down 35% from its summer peak... and just logged its lowest closing price since going public. The insiders and investment banks didn't even get enough time to dump all their shares!
For a picture of this "struggling," take a look at the price action in one of the leaders of language education, Rosetta Stone.
Until this spring, you probably ran across Rosetta Stone only in mall kiosks and magazine ads. But in April, that all changed when the company staged the year's most successful public offering. Shares gained 40% on the first day of trading... and climbed as much as 76% higher within a month.
But as you can see from today's chart, folks just don't have much stomach for newer, riskier companies lately. Rosetta is down 35% from its summer peak... and just logged its lowest closing price since going public. The insiders and investment banks didn't even get enough time to dump all their shares!
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