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Several Internet companies have stumbled below their offering prices.
Moreover, they are often bargains at their offering prices.
Mr. Margolis declined to disclose the offering prices so far.
Several Internet companies that went public in recent months are trading below their offering prices.
These firms are now trading above their initial public offering prices and are expanding their operations.
Yandex, Pandora and Groupon are all trading below their offering prices.
Offering prices have fallen 19.1 percent since the Rangers lost game six, forcing a deciding game.
The offering prices range from $1.2 million to more than $3 million.
And even established companies, like Yahoo, traded lower than their offering prices in the early days.
Some technology companies that went public last year are still struggling to stay above their offering prices.
Stock of several hot debuts, like the Internet companies Groupon and Pandora, have dropped below their offering prices.
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