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Home / Questions / Check out ONYX Phamaceutical, Inc (ONXX). The stock went public on July 1, 2013 at $63.50 ...

Check out ONYX Phamaceutical, Inc (ONXX). The stock went public on July 1, 2013 at $63.50 and closed on July 2nd at $135.58!!! Wow!! Unfortunately, this rarely happens with most IPO's. What's the

Check out ONYX Phamaceutical, Inc (ONXX). The stock went public on July 1, 2013 at $63.50 and closed on July 2nd at $135.58!!! Wow!! Unfortunately, this rarely happens with most IPO's. What's the price today?

How do stocks typically perform after their initial public offering (IPO)?

I found this quote from: http://www.teachmefinance.com/IPO_Initial_Public_Offerings.html

"Avoiding the Hype An important point to remember is underwriters are performing a sales role in intentionally creating hype about the offer. The fact that each company will only have one IPO means that underwriters will often advertise them as “once in a lifetime” chances for investors. It is true that some IPOs are very successful and the company shares continue to rise in value after the IPO, but many others will drop to values well below the initial offer price in their first year of trading. Investors need to think about the overall value of the investment, without being distracted by the IPO hype."

May 27 2021 View more View Less

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