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First Data Plunges Below Lowered IPO Price

Tyler Durden's picture




 

After IPO'ing at $16 - well below the $18-20 expected range - FDC has tumbled back from $16.41 highs (after opening at $16.31) on heavy volume to below its IPO price...

 

 

The question now is - where do the under writers defend it? $15.75 seems like the first line of defense.

 

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Thu, 10/15/2015 - 10:28 | 6670984 SandiaMan
SandiaMan's picture

Burn it down

Thu, 10/15/2015 - 11:09 | 6671116 Ban KKiller
Ban KKiller's picture

Red or green?

Thu, 10/15/2015 - 10:29 | 6670990 LawsofPhysics
LawsofPhysics's picture

And all the venture capital guys say "fuck you, pay me!"

When will hard working people wake up and start taking some fucking heads!!!!

Nothing changes otherwise.

Thu, 10/15/2015 - 11:56 | 6671331 KnuckleDragger-X
KnuckleDragger-X's picture

VC's are the next step down from whale shit.....

Thu, 10/15/2015 - 10:36 | 6671009 yogibear
yogibear's picture

The federal Reserve member banks can purchase these shares with unlimited printed money.

Fed will print until the dollar free-falls and keeps dropping. Then they panic.

Thu, 10/15/2015 - 10:39 | 6671017 bamawatson
bamawatson's picture

idiots on parade. check out these hussein-loving-lemmings who let a hip hop creature handle their 'money' http://www.wsbtv.com/news/news/local/thousands-affected-rushcard-glitch/...

Thu, 10/15/2015 - 11:41 | 6671269 WillyGroper
WillyGroper's picture

Hmmm,

Low FICO necessitates use of pre-paid debit.

Who's paying for that smartphone?

At least the RushCard founder is of the same persuasion should the glitch remain.

Think the anger will be directed appropriately?

Thu, 10/15/2015 - 11:13 | 6671131 Colonel Klink
Colonel Klink's picture

Quick!  Stock buybacks to manipulate the price!!  Someone call Goldman and fire up the HFTs.

Thu, 10/15/2015 - 11:58 | 6671343 BeerMe
BeerMe's picture

May have to buy some.

Thu, 10/15/2015 - 12:36 | 6671505 Caveman93
Caveman93's picture

First Data Corporation is a global payment technology solutions company headquartered in Atlanta, Georgia, United States. The company's STAR interbank network offers PIN-secured debit acceptance at ATM and retail locations.

 

Seriously....ATM's? Those need money which no one has except the uber wealthy.

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