I recently signed up for the NMM IPO and was allocated shares. But the stock has gone downhill since it went public on November 13, 2007. NMM was opened at $18 and closed at $19.17 today, a drop of 4.15%.
I have noticed that some IPOs are being put on hold indefinitely. The EnteroMedics and Stewart & Stevenson, Inc. are two that I have seen recently, but I’m sure there are more. This is not a good sign of the IPO market.
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