Markets & Finance|Companies
Brian Kenety|03.02.2012

Shares in Czech anti-virus software firm AVG tank in NYSE debut, despite solid fundamentals

Czech-founded AVG Technologies, the “freemium” Internet and mobile security software group best known for its anti-virus products, had a rather inauspicious start to its first day on the New York Stock Exchange (NYSE) — shares plummeted at the opening from its IPO price of $16, ending down more than 18% with the closing bell. AVG’s numbers look good, so why the cold reception?

Comments:0