Maybe lower. The stock market is at all-time superbubble highs and biotech is at extreme superbubble highs. It was brilliant not to dilute at $2/share like past dilutions. The broker who convinced them to do this was correct. I hope his friends made a fortune shorting NVAX.
The insider must have been right.
Are they still short and trying to convince NVAX to lower the Offering price to $5? LOL!
Tinfoil Hat Off.
That's a rule for you and I, not for Too Big To Jail banks protected by the Federal Reserve, or for the Best Congress that Money Can Buy, who are also exempt from insider trading. This is Animal Farm and we are not the pigs.
$6.75. The biotech bubble is finally bursting. They were 2 weeks too late. $6.75 only if JPM and C can find a new story to tell to pump it up while biotech finally seeks reality.
Surprise, surprise...The book runner pumps his book. Yeah, that's newsworthy. I do think that issuing this offering is brilliant before the bloom comes off what is by far the biggest biotech superbubble in the history of biotechs.
Unprotected by the Federal Reserve, there is only one direction to go.
Central Banks will just shift the price fixing. The China market is too small now. When it gets larger the London banksters will simply open offices over there and continue what they do best. Don't forget that banksters are immune to prosecution, prison or death penalties for corruption, even in China.
Bernanke - Yellen Print/ZIRP Superdebt Superbubble III is dwarfing Greenspan-Bernanke ZIRP Superbubble II and Greenspan Bubble I.
What's going on?
Fed paints itself into a corner again and once again the middle class savers and the frugal will get destroyed while the Banksters count their parasitic bonuses.
Fed moves the goalposts. Bernanke's Frankenstein has gone full circle and accelerated out of control. Now the Fed needs to lie again to fight Bernanke's global currency debauchment wars.
on itself now. Minsky Meltup is Hobson's choice now. Congratulations,. Ben. Greenspan's destruction will be a footnote in history compared with what you have done. You have protected your TBTF banks, your only true mandate, and have painted us into a hyperbolic meltup.
Nobody cares. The TBTF banks through their 'regulator' Federal Reserve, not congress, run the US. The 'government' is only a sideshow created to protect the Wall Street banks.
Maybe ULTA will start selling iFragrance, iNailPolish, or iEyeliner.