1.Bidu IPO was set at $27 a share on IPO day (August 5 2005) 2.It opened at $66 and went to a high of $153. 3.The next day the intra-day high was at $155 4.The rest of the year it drifted all the way back to $76 by December.
Remember, it has split 10:1 since then, making the IPO price (if one held on until now) a high of $1530.
Visa did something similar. I recall its ipo was listed at $45 then opened at $63ish. Ran to $90 and pulled back since then. I think it depends sometime on how many shares are sold on the open market plus demand will drive the hot ipo s. Think I might ride the renn train. Would like to get it around $12.
BIDU IPO'd for around 25.00 .Before the end of the day it was 100.00.I wasn't in the market then,but intended to be and was trying to learn. Guess you could look it up,but it was the same year Martha Stewert was in jail. I believe it has split since then,Im sure others here know more about it...but I will always remember thinking if I could of,lol,I would have. .