I-P-ooooohhhhh!
Oct
14
What can I say? It was a very good day yesterday.
SAIC priced their IPO at $15 per share after splitting the shares and paying a $15 dividend. Within an hour of trading, the stock was up beyond $18, closing the day at $18.18, a one-day gain of 21%. Which was a nice way to start the morning.
Here’s the coverage of the IPO in the Washington Post.
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