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First Data Plunges Below Lowered IPO Price

By Tyler Durden
Created 10/15/2015 - 09:26
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 10/15/2015 09:26 -0500



 

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...

 

[2]

 

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

 

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