ArcSight IPO goes against the tide
...ArcSight's first day of trading. It seems that in spite of the overall condition of the market, they went ahead with their planned IPO. They picked a bad day to do so, as the NASDAQ was off 1.74%. Opening at 9 dollars a share (the low end of their expected range), they closed at 8.78, bouncing off an intra day low of 8.07
OK not an auspicious...


