Mixi’s shares have dropped 28%
According to the WSJ, Mixiâ€™s shares have dropped 28% since its astounding IPO. The shares have dropped because of Japanâ€™s competitive online sector. This shouldnâ€™t come as a surprise to anyone. There was a lot of hype around the Mixi IPO which caused its strikingly high share price. The snewstock price was inevitable going to come down. I just did not expect it to happen so soon.