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Added on the 16/10/2015 16:46:15 - Copyright : Reuters EN
Tiffany Wood has been an active 'super user' seller on Poshmark since 2015, and her loyalty has truly paid off. According to Business Insider, Wood now has a $12,000 nest egg because she bought stock in the company's initial public offering. In a leaked email, Poshmark let super users know the company had reserved 330,000 shares that they, and their friends and family, could purchase. The max buy was 150 shares. Wood bought 149 shares at $42 a share--the initial share price. On day one, her stock went up to a value of $14,378. By the market's close on Friday, shares were trading at $83.20. Wood's stake is still worth $12,397 with a healthy profit of $6,139. And she's thrilled!
After First Data priced below expectations and Albertson's delayed its deal altogether, there are new concerns about the health of the IPO market. Bobbi Rebell reports.
Images show plumes of smoke rising from the facade of Copenhagen's historic former stock exchange, as work to put out the last of the flames continues for a third day. Half of the 17th-century Borsen building was destroyed and its 54-metre (180-foot) spire tumbled to the ground in a fire that broke out early Tuesday April 16, in scenes that shocked Denmark. IMAGES
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