▁stock ▁price ▁increased . ▁ ▁Initial ▁public ▁offering ▁Von age ▁offered ▁shares ▁of ▁its ▁stock ▁to ▁its ▁existing ▁customer ▁base ▁in ▁the ▁period ▁before ▁the ▁initial ▁public ▁offering . ▁Typ ically , ▁only ▁large ▁institution al ▁invest ors ▁such ▁as ▁banks ▁are ▁able ▁to ▁buy ▁shares ▁of ▁an ▁IP O . ▁Von age ' s ▁initial ▁public ▁offering ▁occurred ▁on ▁the ▁New ▁York ▁Stock ▁Exchange ▁on ▁May ▁ 2 4 , ▁ 2 0 0 6 , ▁opening ▁at ▁$ 1 7 ▁per ▁share . ▁The ▁price ▁closed ▁at ▁$ 1 4 . 8 5 , ▁a ▁decrease ▁of ▁ 1 2 . 7 ▁percent , ▁the ▁worst ▁trad ing ▁day ▁for ▁any ▁IP O ▁in ▁ 2 0 0 6 ▁up ▁to ▁that ▁point . ▁The ▁IP O ▁raised ▁$ 5 3 1 ▁million ▁for ▁the ▁company . ▁However , ▁the ▁existing ▁customers ▁who ▁lost ▁money ▁file d ▁a ▁class ▁action ▁law suit . ▁The ▁IP O ▁and ▁its ▁immediate ▁after math ▁also ▁earned ▁Von age ▁a ▁Business ▁ 2 . 0 ▁Magazine ▁award ▁as ▁ 1 4 th ▁of ▁ 1 0 1 ▁D umb est ▁M om ents ▁in ▁Business ▁for ▁ 2 0 0 6 . ▁In ▁ 2 0 0 9 , ▁Von age ▁reached ▁an ▁agreement ▁with ▁the ▁IP O ▁invest ors . ▁All ▁share holder ▁claims ▁against ▁Von age ▁and ▁its ▁individual ▁direct ors ▁and ▁officers ▁who ▁were ▁named ▁as ▁defend ants ▁were ▁dismiss ed . ▁The ▁amount ▁of ▁the ▁settlement , ▁$ 3 . 6