The biggest IPO of the year, FirstData, made its debut on the New York Stock Exchange Thursday morning at $16 per share.
However, it wasn't without a hitch.
Wal-Mart's Wednesday announcement about disappointing earnings and sales sent shares plummeting. In turn, FirstData priced below its target of an $18 to $20 range and Albertson's indefinitely postponed their planned IPO.
So what does this rocky patch mean for the broader IPO landscape as other big names attempt their own debuts?