QNST (QuinStreet) Stock IPO Treads Lower
Friday, February 19th, 2010As some of you may know, vertical marketer QuinStreet held an IPO last week. The IPO originally was priced at $17 to $19 in the prospectus, but trading opened on Thursday at $15. Since then, QuinStreet (NASDAQ:QNST) stock has marched lowered touching lows of $13.94 today.
QNST should have taken a hint from FriendFinder when they decided to postpone their IPO, citing an inclement stock market environment.
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