Netshoes struggles out of the racing block

|By:, SA News Editor

Netshoes (SHOES) opened at $16.35 in its IPO debut before heading up about 3.80%. The IPO was priced earlier today at $18, the bottom of the range.

On Seeking Alpha, Don Dion has analysis on how to view the Brazilian online retailer.

Previously: Netshoes file for IPO (March 16)

Previously: Netshoes prices IPO (April 12)