Angie’s List Falls Below IPO Price After Four Straight Declines
November 29, 2011, 8:38 PM ESTBy Nick Turner
Nov. 29 (Bloomberg) -- Angie’s List Inc., a website that rates plumbers, electricians and other service providers, fell as much as 9.5 percent today in New York, putting the stock below its initial public offering price for the first time.
The Indianapolis-based company, which debuted on the Nasdaq Stock Market on Nov. 17, has posted declines for four straight trading days. The shares, priced at $13 in the IPO, were down 8.8 percent to $11.86 at 2:57 p.m. New York time.
To contact the reporter on this story: Nick Turner in San Francisco at nturner7@bloomberg.net
To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net
