July 05, 2005

IPO

My first ever experience with an Initial Public Offering (IPO) is paying off quite well. I bought some shares of Morningstar, Inc (MORN) through their IPO on May 30th, 2005 for $18.50 per share. Today, MORN shares traded at $28.60. A nice 54.59% gain in just over one month. I can only imagine the excitement with technology IPOs in the 90's when the share price increased by 4-5 fold in one day.

Posted by Parag at July 5, 2005 04:48 PM | TrackBack
Comments

Hail the veggie burger :)

Posted by: deven at July 6, 2005 11:26 AM

I also made money on this IPO, my first. Great investment.

Posted by: Stephen at July 26, 2005 11:51 AM
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