No One’s Talking About A Burrito Bubble

chipotle_ad.jpg
USA TODAY: Shares of the Mexican-food chain became a hot tamale Thursday on Wall Street when they more than doubled in their first day of trading, gaining $22 to $44.
The stock’s smoking first day says as much about initial public offerings as burritos. It’s the first time shares of a U.S. company have doubled in their first day since November 2000, when computer-chip maker Transmeta gained 115%, Thomson Financial says.

About David Burn

Co-founder and editor of AdPulp. I wrote my first ad for a political candidate when I was 17 years old. She won her race and I felt the seductive power of advertising for the first time. I worked for seven agencies in five states before launching my own practice in 2009. Today, I am head of brand strategy and creative at Bonehook in Portland, Oregon.