AVG Technologies' (AVG) IPO is looking like a disaster - after pricing its IPO at $16/share last...

|About: AVG Technologies (AVG)|By:, SA News Editor

AVG Technologies' (AVG) IPO is looking like a disaster - after pricing its IPO at $16/share last night, shares are currently trading at $13.59, down 15%. The security software maker posted healthy growth in 2011, but faces tough competition from Symantec (SYMC) and Intel's (INTC) McAfee unit. (S-1 filing)