Miss MX's $21.20 Offering But Think It's A Deal At $17.50?

Looking back to 2 days ago, MagnaChip Semiconductor Corp (NYSE: MX) priced a 1,700,000 share secondary stock offering at $21.20 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time and based on early trading on Thursday, the stock is now 6.9% above the offering price.