Foundry Has An IPO to Write Home About

from the wow dept

In the real world, you would think a company would complain if its stock was priced at $25 and within a day shot up to $158. That means that the company potentially left $133 from each of its 5 million shares on the table. That’s roughly three quarters of a billion dollars if my math is correct (and it might not be). But, this is the world of the internet, and so it’s good news all around for the folks at Foundry Networks, because, let’s face it, even if the company just gave away a ton of money for free, all their employees and investors are rich rich rich.

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