These IPOs are now a Screaming Bargain

Even with the real-estate market mired in a slump, investors still clamored for shares of Zillow (NYSE: Z). On July 20, the real estate-focused website went public at an initial offering price of $20, opened in the low $30s and briefly spiked to $60 that same day, as more than five million shares traded hands. Two days later, the stock market began its most brutal sell-off in three years. Shares of Zillow have been losing steam ever since, now trading for less than half of that intra-day peak. Initial public offerings (IPOs) have it especially hard at times like this. They often carry a thin stock float, which can propel shares quickly higher but can also lead to . . . → Read More: These IPOs are now a Screaming Bargain