DC:
Laureate Education, Inc., which has close ties to Bill and Hillary Clinton, tanked on its first day in the stock market.
The for-profit firm’s Initial Public Offering (IPO) of stock to potential investors was put on the market Wednesday by KKR and other leveraged buyout owners in the hope of reducing a crushing $4 billion debt.
But even before the company was to go public as a NASDAQ traded firm, it was clear the stock price would not command the owner’s projected $17 to $20 price target. Late Tuesday before Wednesday’s opening, the market priced the Laureate IPO at $14, about 15% below Laureate’s estimates.
The Laureate IPO went nowhere during the day, went as low at $12.46 and closed at $13.25.
more here
That stock went down quicker than Monica Lewinski.
🙂
ok, i was going to comment but vietvet has sucked the air out of the room
lol
To finish Vietvet’s thought:
“…but without the happy ending!”
Rent seekers got no place in America no more.
Went down faster than a fat kid on a seesaw
And it left a stain on the stock market.
when it paid the former president $16.5 million as its “honorary chancellor” it deserves to tank
(‘it looked ugly’ for a sec there, i thought Chelsea was in the room.)
When the left was screaming about Trump’s real estate schools, I was screaming about Laureate because this piece of crap takes advantage of people in Central and South America. I’m glad it is tanking. Jeff Sessions can’t get through the vote fast enough for me.
Going public for a Company is a big deal. How it is received those first days and weeks by the market is a pretty accurate indicator of its long term prospects. The Clinton’s are toxic now and they have only themselves to thank, and with Web’s help they are one big happy family.
The blue dress is worth more
Trump shined the bright light of disclosure on these criminals. Still doing my Snoopy dance after all these weeks.
What? It’s only been two weeks?
Ahhhhhhhhhhhhhhh
The scumbags empire is sure crumbling..hahaha