Reported 1 day ago
Jim Cramer expressed his views on StubHub Holdings, Inc. after its IPO, noting that while he is a fan of the online ticket marketplace, he is pleased to see its initial public offering fizzle, as it reflects the risks of market enthusiasm. Although StubHub started trading at $23.50, its stock price fell below the offering price to finish the day at $22. Cramer suggests that this outcome is beneficial for tempering investors' excitement.
Source: YAHOO