Yes, but that doesn't mean it won't trade over that as folks sell it back. My charts say 14mil+ traded the first day, and only 2.15 traded the next. Cramer said yesterday (13th) on his show that the dip was a good time to buy GIMO after someone asked him about the 8% drop. Not a big deal really, but he did say that it could be the biggest IPO of 2013. They really are in the right place right now. Cloud is gaining traction on a lot of fronts and will need some big players to lead the front.
Let's see what happens later today.. it's looking pretty good from futures and Asia right now
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