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Stock Watch: Agency.com IPO Also Does Well

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Stock Watch: Agency.com IPO Also Does Well

By Andy Wang
E-Commerce Times
12/09/99 12:00 AM PT


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While Preview Systems' IPO may have taken away some of the thunder surrounding Agency.com's hot IPO, shares of Agency.com also performed extremely well on its first day of trading. Agency.com, which offers Web services and consulting, priced its IPO at $26 a share, up from the revised price range of $22 to $24 after an original range of $10 to $12. The stock nearly tripled on Wednesday, gaining 50 to close at 76.

Agency.com stock could keep climbing. The stock might actually be a good buy compared to competitors like Razorfish. Agency.com's customers include Compaq, Nike Viacom, Bank of America, 3M and Kmart.

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