ST Alpha - "On this day in 1993, Boston Chicken went public at an initial price of $20 a share. " (Reading a Post)

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On this day in 1993, Boston Chicken went public at an initial price of $20 a share.

Posted by spamlet Nov 8 '21, 08:15

The stock leapt 142.5% to close at $48.50, giving it a market value of $800 million even though the restaurant company lost $5.9 million the previous year. Less than five years later, Boston Chicken filed for bankruptcy protection.

Responses:

Get a load of who saved them from bankruptcy. -- nm - Beryllium Nov 8, 08:33 1
- (This is appropriate use of 90s slang, right?) -- nm - Beryllium Nov 8, 08:34
$800m is pretty small potatoes for a company on the big exchange. -- nm - Cowboy BeBaron Nov 8, 08:31 2
- But as I recall, their big problem was expanding too much too fast and getting crushed by the debt. -- nm - Cowboy BeBaron Nov 8, 08:34 1
  - Same as Krispy Kreme but at least they survived independently. -- nm* - spamlet Nov 8, 09:17

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On this day in 1993, Boston Chicken went public at an initial price of $20 a share.

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