Stock Watch: Healthy Gain for Lionbridge Technologies IPO

The initial public offering of multilingual Internet services company Lionbridge Technologies (Nasdaq: LIOX) had a solid showing on Friday. The IPO was priced at $10 and the shares closed up 2-5/8 to 12-5/8, a gain of more than 26 percent. Shares of Lionbridge traded as high as 18-3/8 on Friday. Volume was heavy, with more than 10.8 million shares traded. That was more than triple the 3.5 million shares offered.

Lionbridge, which offers e-commerce services including Web storefronts and product catalogs, had revenues of more than $38 million last year and a loss of more than $4 million. The company seems poised to greatly capitalize on the global market for Internet services. Lionbridge's customers include IBM (NYSE: IBM), Microsoft (Nasdaq: MSFT), Oracle (Nasdaq: ORCL) and Sun Microsystems.