I don't think we ever got to the point of IPO's oping up at $319.?
Did that ever happen during the Dotcom Bubble of 1999?
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The price does not matter. The market cap is the issue. It opened at 245 and traders took it to 319. It is trading after hours under 249. The Ipo priced last night at 120. For those people who have a holding period I hope they shorted over 300 to protect their gains.