Shares of GoGo (GOGO) finish the day lower in a lackluster debut. The shares closed at $16, after being priced at $17 - the high end of its range. Blame it on poor timing, because the FAA poured gas on the stock this morning and it still failed to light. The agency is expected to relax current rulings that certain electronic devices be powered down during taxiing, take-off and landing. GOGO is the main in-flight provider of Wifi in the U.S. and uses air-to-ground cellular towers to connect flying aircraft to the Internet.
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.