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The stock closed at $14.49, down $1.51 from the $16 initial offering price for 4.5 million shares.
The bungled flotation of Mark Zuckerberg's giant social network led to its share price trading well below the $38 offering price for many months.
But Clare Sabatini forced Donald Trump to triple his offering price for her Pacific Avenue restaurant after defeating New Jersey's effort to take it by condemnation.
A little translation of the jargon may be required to understand exactly what you would get for your $25 million, the posted offering price for this "ideal bird".
Shares of HPL, a maker of testing software for the semiconductor industry, closed at $13.35, up $2.35 from the $11 offering price for the six million shares sold.
And they could offer retailers better terms, too, in the process threatening Groupon's fat margins.All this shows why setting an offering price for shares in an IPO is so tricky.
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Earlier in the day, the stock traded below the initial public offering price of $33 for the first time.
In the latest sign of the weak market for Internet stocks, the offering price range for shares in America Online's Latin American joint venture with the Venezuelan media giant Cisneros Group has been cut to $8 to $10 from $15 to $17, analysts said yesterday.
The size of those fees per transaction has dwindled over the last year, as the E.C.N.'s and Nasdaq engaged in a brutal price war, lowering fees by roughly 25percentt for some types of trades and offering price incentives for others.
The offering price, adjusted for two stock splits in 2001, was $5.25 a share.
They both will set you back an average of £1,340 - a premium of £160 a year on the best prices now, but offering price certainty for an appealing three and a half years.
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