Cloudflare stock pops 22% in first day of trading (opens in new tab)

(cnbc.com)

27 pointsdragthor6y ago4 comments

4 comments

The article is slightly wrong. They opened with $19.53. It's currently hovering around $18.

First trade was at 18 dollars and that's roughly where it ended. But the IPO price was 15 which does mean it is up 20% from the IPO price.

rak00n6y ago

Robinhood reported 19.53 as the opening price. I noticed Google also reported it as 18.

sushid6y ago

Opening price is different from the IPO strike price. Institutional investors and rich folks already bought those shares before they rang the bell for the market.

j / k navigate · click thread line to collapse

4 comments

rak00n6y ago

The article is slightly wrong. They opened with $19.53. It's currently hovering around $18.

JakeTheAndroid6y ago

First trade was at 18 dollars and that's roughly where it ended. But the IPO price was 15 which does mean it is up 20% from the IPO price.

rak00n6y ago

Robinhood reported 19.53 as the opening price. I noticed Google also reported it as 18.

sushid6y ago

Opening price is different from the IPO strike price. Institutional investors and rich folks already bought those shares before they rang the bell for the market.

j / k navigate · click thread line to collapse