Is Firefly Aerospace a Broken IPO?

Since joining the public markets in August, Firefly Aerospace (NASDAQ: FLY) has taken its investors on a very wild ride. IPO'ing at a $45 offer price, Firefly actually began trading 55% above that price, at $70 a share, and closed its first day of trading still up 33%, at $60.35.Unfortunately for space investors, it's been mostly downhill since. For most of the month of August, Firefly stock has actually traded below its $45 offer price -- the very definition of a broken IPO.You cannot say I did not warn you.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool