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

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

 Stitch Fix went up just 1 percent 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 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 from 10 million shares to… Read More


Source: TechCrunch

Belen De Leon