Scott Sweet, senior managing partner of IPO Boutique, was quoted in the TheStreet on Friday:
Michael's traded "as if there was a good amount of fluff (overstated demand) in the book," Scott Sweet, senior managing partner of IPO Boutique, wrote in an email to TheStreet earlier in the day. "It opened flat and broke the IPO price very quickly, never a good sign."
The full article is available here: http://www.thestreet.com/story/12759428/1/michaels-shares-drop-on-trading-debut.html
Scott offers research packages for IPOs at IPO Boutique.
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