Mothernature.com
This article was originally published in The Tan Sheet
Executive Summary
Online retailer commences initial public offering of 4.1 mil. shares Dec. 9 at 13 per share; the stock price closed that day at 10-7/8 and Dec. 10 at 10-5/16. The shares trade on the Nasdaq National Market under the symbol "MTHR." The drop appears to follow a recent downturn in investors' perception of health e-commerce sites. When Drugstore.com went public July 28 at 18 a share, the issue soared to 50-1/4 at the end of the day. PlanetRx.com similarly rose from an opening price of 16 to close at 26 per share Oct. 15
You may also be interested in...
Supplement GMP Warning Letters Make Modest Debut In 2010
Finalization of a settlement between the Federal Trade Commission and Rexall Sundown regarding unsupported cellulite treatment claims for the firm's Cellasene dietary supplement hinges upon approval of two related class action settlements pending in California and Florida, according to FTC
In Brief
Combe sells most of its OTC brands
People In Brief
Perrigo promotes in pricing, planning