Stitch Fix up just 1% on first day of trading, after reducing size of IPO

00:03 18.11.2017
Stitch Fix went up just 1% on its first day of trading. After pricing at $15, the company closed at $15.15. It’s also below the opening trade of $16.90. The company also didn’t raise as much money as it had been hoping for. It raised $120 million, after pricing at $15, below the expected range of $18 to $20. The company also reduced the size of its IPO. Stitch Fix markets itself… Read More...
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