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Gogo's (GOGO) IPO isn't going well. After pricing its 11M-share offering at $17 (the high end of...

Gogo's (GOGO) IPO isn't going well. After pricing its 11M-share offering at $17 (the high end of a $15-$17 range), shares opened at $16 and are currently at $16.47, down 3.1%. That gives the provider of in-flight Wi-Fi services a valuation of $1.41B, or 6.1x 2012 sales. (S-1) (Q1 results/stats)
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