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Thursday, Jul 26
2012, 11:55 AM
E2open (EOPN) is having a dismal IPO. After pricing at $15, shares opened at $14.14 and are...
E2open (EOPN) is having a dismal IPO. After pricing at $15, shares opened at $14.14 and are currently trading at $13.79, down 8.1%. The performance contrasts with that of other recent enterprise tech IPOs (I, II). E2open is a relatively small player in the supply-chain management software market, and there could be worries about its ability to compete over the long run with SAP and Oracle, as those companies step up their cloud investments. (previous) (S-1)