Mixi’s shares have dropped 28%

Posted Oct 12, 2006

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.