After seven months of news and S-1 additions and revisions action electronics company Skullcandy (SKUL.O) finally opened today (July 20, 2011) on the NASDAQ.
According to Reuters, Skullcandy raised $188 million dollars and is now valued at $535.6 million. With an IPO price of $20 the stock opened 17 percent up at $23 a share, but by the afternoon it was back down to the $20.30 range.
Rick Alden must be so proud and busy counting all that money. Then again, he may be bummed that that his stock just sat and didn’t triple like Zillow did today.
[Link: Reuters]
