Miss LPI's $23.75 Offering But Think It's A Steal At $20?

Looking back to 37 days ago, Laredo Petroleum Holdings (NYSE: LPI) priced a 16,000,000 share secondary stock offering at $23.75 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 Wednesday, the stock is now 20.1% higher than the offering price.