Pure Storage Down 2.5%, Trading Below IPO Issue Price Range

Shares of Pure Storage were down 2.5% Thursday morning, causing the stock to trade below its initial public offering issue price range of $16 to $18. The stock was trading at $15.61, a day after it went public, and below its IPO issue price of $17. In its market debut yesterday, the stock opened at $16.74 and closed at $16.01.

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