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The Party's Just Getting Started At Party City

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April 17, 2015 – Comments (0) | RELATED TICKERS: MIK , PRTY , WMT

Elmsford, New York-based Party City (Pending:PRTY) priced its Initial Public Offering (IPO) at the top of the expected price range, at $17 per share. After the first day of trading, shares of the party supply firm were sitting at around $20, about a cool 20% over the opening price. Party City's IPO is a unique opportunity for investors to capitalize in a generally languishing traditional retail environment, despite legitimate concerns over its corporate structure and debt.

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