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Stock Watch: Support.com Soars in First Trading Day

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Stock Watch: Support.com Soars in First Trading Day

By Nora Macaluso
E-Commerce Times
07/21/00 12:00 AM PT


Reading the Avaya-Nortel Roadmap requires a navigator
The release of the Avaya-Nortel roadmap has many people wondering what lies ahead for their customer contact initiatives. Join Ovum’s Ian Jacobs and Aspect CTO Gary Barnett to discuss how the integration of two product lines may affect you. Register for the webinar.

Support.com (Nasdaq: SPRT) rose 18 5/8 to 32 5/8 in its first day of trading Thursday, a sign that the IPO market could be headed for recovery.

The issue was the first dot-com to come to market in several weeks, and one of the few in recent months to close well above its IPO price. Before the stock's debut, underwriters twice boosted the price range to meet strong demand.

The Redwood City, California-based e-business software company sold 4.25 million common shares through Credit Suisse First Boston. The company lost \ $14.29 million on revenue of $3.32 million in 1999.

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More by Nora Macaluso

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