Both IPOs Debut From Strong To Stronger (PRLB, BV)
We have two IPOs which have come out of the gate with some strength today. One is a prototype design firm for manufacturing and design and one is a social media metrics company. PROTO LABS, INC. (NYSE: PRLB) priced at…
We have two IPOs which have come out of the gate with some strength today. One is a prototype design firm for manufacturing and design and one is a social media metrics company.
PROTO LABS, INC. (NYSE: PRLB) priced at $16.00 per share for 4.3 million shares and that was above the projected price range of $13.00 to $14.00 per share. We now have shares up above $27.00 on over 3.1 million shares after a $25.00 opening bell price.
Bazaarvoice Inc. (NASDAQ: BV) priced some 9.48 million shares at $12.00 per share, which was also above the projected $8.00 to $10.00 price range. We now have shares up at $16.05 on more than 3.3 million shares traded.
It is a safe assumption that the overallotment (greenshoe) options are being exercised on both of these.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
