CEVA’s IPO plunges in early trade, disappointing the bulls

CEVA Logistics experienced a disappointing debut on the SIX Swiss Exchange today, with its shares as low as CHF25.3 ($25.3) in early trades, down 8% from CHF27.5, where its initial public offering (IPO) was priced earlier this week.
The deal was priced at the low end of the initial tentative price range (CHF27.5 – 52.5), and clearly the arrangers of the IPO have pulled out all the stops to get it …

The post CEVA’s IPO plunges in early trade, disappointing the bulls appeared first on The Loadstar.

Source: The Loadstar

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