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IPO Outlook: 
CardioNet Falls Below Offer Price
Author: Yordanka Bahchevanska
123jump.com
Last Update: 11:15 AM EDT March 24 2008


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Two IPOs were launched during the last week. Highly expected offering from Visa was priced at $44 and traded as high as $68. The stock closed up 38% on the first day of trading. CardioNet priced its shares but below the expectations. More than 30 IPOs were withdrawn or postponed in the past two months and no offerings are expected to be priced this week.

 

 

 
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