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1.IPO results, 8.Was Sticky

14 Nov 2016 (AFR) – Redbubble set to be 2017’s comeback stock

(14 November 2016, AFR, p21, by Yolanda Redrup)

‘When independent designers marketplace Redbubble listed in May, it looked like it would be one of the tech success stories of the year. Established by a well-known tech entrepreneur, with a strong management team, and an easy to understand product, early signs pointed to it being a hit. On May 16 it got off to a flying start, closing up 9 per cent on its first day of trade at $1.45. Earlier that day it had hit a high of $1.53, but no one would have predicted at the time that six months on that was still the highest the stock would have traded. Now, the stock has fallen about 40 per cent in six months to a point where analysts and shareholders alike believe it is a bargain.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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