Miss ADVS's $27 Secondary But Think It's A Deal At $25?

Looking back to 62 days ago, Advent Software (NASD: ADVS) priced a 7,261,844 share secondary stock offering at $27.00 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 11.3% higher than the offering price.