Traders (and speculators) who participated in today's GT Solar (SOLR) IPO can't be pleased. The stock was down as much as 15% earlier in the day and is now down slightly more than 10%.
You can blame the lead underwriters, Credit Suisse and UBS, who get paid millions to make sure buyers don't get screwed like this.
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GT Solar (SOLR) Prices IPO at $16.50: Hearty Welcome To a New Speculative Toy (SOLR)