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Stock Watch: Cysive IPO Takes Off

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Stock Watch: Cysive IPO Takes Off

By Andy Wang
E-Commerce Times
10/18/99 12:00 AM PT


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The initial public offering of e-commerce infrastructure company Cysive (Nasdaq: CYSV) defied Friday's sell off in spectacular fashion. After pricing its IPO at $17, above its revised range, the company's stock more than doubled on Friday, gaining 20-3/4 to 37-3/4, a climb of 122 percent.

Cysive wasn't the only e-commerce infrastructure company that saw a dramatic gain on Friday. Shares of Broadvision (Nasdaq: BVSN) (Nasdaq: BVSN) climbed 7-5/16 to 162, and shares of E.Piphany (Nasdaq: EPNY) thundered ahead 12 to 73-1/2. There wasn't any news to move either Broadvision or E.Piphany. It just looks like investors believe that these companies could be the biggest winners as e-commerce continues to grow.

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