IPO Stock Watch: MaxPoint Trades Down On Opening Day
While its looking to shake up the digital advertising market, MaxPoint Interactive (MXPT) was unable to ignite investor enthusiasm with its initial public offering Friday. The company raised $74.8 million, offering 6.5 million shares at 11.50, the midpoint of its estimated price range. MaxPoint stock, though, was down 9%, near 10.50, in afternoon trading on the stock market today. MaxPoint provides a cloud-based marketing automation software