Executives with Solera Holdings Inc., a San Diego-based software firm serving the auto insurance industry, got to ring the opening bell at the New York Stock Exchange trading floor Jan. 17, and probably wish they hadn’t.
The overall market took another beating, with the Dow Industrials down 306.9 points, or 2.46 percent, to 12,159, and the Standard & Poor’s 500 index down by 2.9 percent. At least Solera’s stock, traded on the New York board under SLH, went up 60 cents to close at $22.65. The 52-week range is $16.63 to $26.50.
Founded in 2005, Solera Holdings went public in May, raising a net of $288 million in its initial public offering. It has more than 2,000 employees working in 51 countries across six continents.
, Mike Allen