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: Conglomerate

A Hot IPO! Rosetta Stone Goes Public

By Gordon Smith, Christine, Hurt, Vic Fleischer, Fred Tung, Lisa Fairfax, David Zaring

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In what may be the most successful IPO in twelve months, Rosetta Stone Inc. is certainly having a nice morning, trading at times over 40% its opening price of 18%.  Now, I always bristle at the categorization of "successful" IPOs as the ones where the early purchasers make more capital by reselling to the second purchasers than the actual founders did from the sale of the original IPO shares, but why quibble in today's economy?  Let us put aside our underpricing debates and be happy that today there are buyers, and they are investing in that Michael Phelps thing, I mean, Rosetta Stone.

Full post as published by Conglomerate on April 16, 2009 (boomark / email).

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