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SemiLEDs stock shock
SemiLEDs stock shock: when SemiLEDs completed its IPO in December 2010, the company's stock rose from its offer price of $17 to $27 almost immediately, a price that it had maintained for the past month. But after issuing weak guidance for the second fiscal quarter of 2011, that price dropped to around $19 - only slightly higher than at offering. Source: Yahoo! Finance/iStockphoto.
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