AppLovin Stock Slumps On First Day Of Trading
By Sophia kunthara, Mobile tech company AppLovin’s stock closed at $65.20 on its first day of trading, nearly 19 percent below its IPO price. The company’s stock opened at $70 on Thursday, around 13 percent below its IPO price of $80. AppLovin raised $2 billion through its IPO and was valued at more than $28 billion[…]