To All:
Maybe somebody can tell me if my thinking is wrong.
When CYBR first put their stock on the open market they expected
to have 2,000,000 outstanding shares selling between 11 and 13
dollars a share.
At the last second CYBR decided to put 2,500,000 million outstanding
shares on the market instead of 2,000,000 - A 25% increase.
So with a supply increase of 25% should bring the price down by 25%,
which would be between 8.25 and 9.75 dollars a share. That averages
to 9 dollars a share, and if I'm not mistaken, that was the closing
price of CYBR today.
So, the price seems to be at it's originally expected price if I'm
not mistaken. But that's my opinion, I could be wrong.
Seth |
