This article was originally published in The Tan Sheet
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
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