PINCHME IPO fails to live up to the hype.

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There was a lot of interest straight out of the blocks for PINCHME.com’s IPO, which ended up closing early as a result, but it seems the reality doesn’t quite match the hype.

Prices came in just under the 50c ask at open, to begin around the 48c mark, and it was all downhill from there with shares currently trading for just 39c.

The 8M raised during the IPO will provide the Company with working capital to drive membership growth, fund product development, and to assist in attracting and retaining quality employees.