Awful Offerings Confirmed: Acacia Communications and Twilio
A little over six months ago, I made a bearish case for Acacia Communications (ACIA) and Twilio (TWLO) based on the way each company rolled out follow-on stock offerings and the market’s reactions to the selling. Since then, ACIA and TWLO have fully lived up to bearish expectations. ACIA is down 55.1% from its offering … Read more