Can Investing in GoodRx Make You Rich?
In the world of IPOs, the company everyone has been talking about lately is Snowflake (NYSE: SNOW), the cloud data warehousing specialist whose stock more than doubled on its first day of trading last week. But the healthcare industry just had an exciting initial public offering of its own. Shares of GoodRx (NASDAQ: GDRX), a company that helps consumers find the lowest prices on prescription medications, soared by 53% on Wednesday, their first day of trading.
The company had targeted a range of $24 to $28 for the initial public offering, but when it occurred, it priced at $33. If you bought 100 shares at that IPO price, your initial $3,300 investment would now be worth $5,050. Now the question is: If you buy GoodRx shares at today's levels, can the stock make you rich?
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Source Fool.com
