not a great record for Xero shares so far, on very thin trading though. Remember they launched at $1.10, but cost IPO investors $1. If you didn’t get any shares at the IPO, and still believe, then now would be a good time.
well for a start BFW has not yet managed to raise their minimum $8m, and so delayed their IPO from July 16 to July 23rd. This is not boding well, but at least now ‘founding shareholders will pick up any shortfall’.
It’s Mickey Mouse stuff if you ask me – $1 IPO’s (they call these penny stocks in the USA), unscheduled IPO delays and XRO’s downward price performance as investors begin to understand the financials rather than the hype.