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Stock Watch: LivePerson Rises on First Trading Day

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Stock Watch: LivePerson Rises on First Trading Day

By Nora Macaluso
E-Commerce Times
04/10/00 12:00 AM PT


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LivePerson, Inc. (Nasdaq: LPSN) rose 1 1/2 to 9 1/2 in its first day of trading. The company sold 4 million common shares Friday at $8 apiece, raising $22 million through Chase H&Q, Thomas Weisel Partners LLC and PaineWebber, Inc.

LivePerson provides real-time sales and customer service to companies doing business on the Internet, allowing them to better communicate with customers. The company says it has more than 450 clients. Dell Computer Corp. and NBC recently invested $18 million in the company.

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