Although the stock quickly tripled in price following the initial public offering, it soon got caught in the downdraft of the bear market for technology stocks and had declined to approximately 25¢ per share by the time CSFB dropped its coverage of the firm. child, kid, minor, nipper, tiddler, youngster, tike, shaver, small fry, nestling, fry, tyke- a young person of either sex 'she writes books for children' 'they're just kids' 'tiddler' is a British term for youngster'.
ORPHAN DEFINE SOFTWARE
In October 2001 Credit Suisse First Boston dropped coverage of Evolve Software, a software and fiber optics company that CSFB took public for $9 a share in August 2000. orphan- a child who has lost both parents. Orphan stocks became more common in the tech stock meltdown of 2000-01. orphaned synonyms, orphaned pronunciation, orphaned translation, English dictionary definition of orphaned. In some instances coverage is discontinued because of a loss of investor interest, in which case any remaining investor interest can virtually disappear. Dropping coverage of a small company and causing the stock to become an orphan can have a devastating effect on the stock's liquidity and market price.
Research coverage increases a firm's exposure to the investment community, an important benefit for the firm and its shareholders, especially investors who acquired stock during the initial public offering. Information and translations of orphan in the most comprehensive dictionary definitions resource on the web. Case Study Many individuals in the financial community believe investment banking firms have an obligation to provide continuing research coverage of companies they take public.
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