For those interested, CNBC spent 20 minuted glorifying UMG and pointing out how the stock is up 40% since IPO.
I checked into it. The stock is down on the 1st day of trading. And it is down almost 10% since IPO on Sept 21, 2021 CNBC is playing the old game of pretending that what a stock is priced at is what it opens at for the public to buy.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.