C3.ai (NYSE: AI) attracted lots of attention with its initial public offering (IPO) nearly 3 1/2 years ago. The enterprise artificial intelligence (AI) software developer was growing rapidly, had a catchy ticker symbol, and was led by Tom Siebel -- an industry veteran who had sold his previous company Siebel Systems to  for $5.8 billion in 2006.

C3.ai went public at $42 on Dec. 9, 2020, and its stock opened at $100 a share before skyrocketing to a record high of $177.47 less than two weeks later. Those gains were amplified by the buying frenzy in growth and meme stocks during the pandemic.

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Source Fool.com