At the New York Stock Exchange, there was another exclamation in the lobby.
The Seattle Trailblazers that carried countless optimism by investors fell below the issuance price at opening.
The company's primary business focused on the exploration of extraterrestrial planets, as well as the search for a habitable planet. Due to major breakthroughs in space telescope technology, many investors viewed them as the Columbus of the new century. Not long ago, the Noah's Ark Fund invested $200 million in this company, and on the date of its initial public offering, this bizarre incident happened.
Although it wasn't rare for stocks to fall below the issuance price on the first day, it was rare for the stock price to be slashed in half, especially for a company that carried such a positive forward guidance.
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