2 Growth Stocks to Buy at Rock-Bottom Prices
Many companies debuted on the stock market at a time of heightened valuations and are now trading below their initial public offering (IPO) price despite delivering the performance promised. Two stocks currently below their IPO price are Snowflake (NYSE: SNOW) and PubMatic (NASDAQ: PUBM).
Compared to a first trade price of $245 for Snowflake and $25 for PubMatic, these stocks have fallen 13% and 5.4%, respectively. Both debuted in the second half of 2020 and saw phenomenal stock price appreciation during 2021. However, with the recent sell-off, each is far from its all-time high. Still, I think right now could be a fantastic buying opportunity for both stocks.
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Source Fool.com
