Shares of job information site CareerBuilder.com (Nasdaq: CBDR) didn’t go through the roof on their first day of trading on Wednesday. However, the initial public offering should be viewed as a success, considering that investors are becoming more selective about offerings. CareerBuilder.com stock climbed 23 percent, closing up 3 to 16.
This isn’t bad, considering that CareerBuilder.com gets only a fraction of the traffic of leading job-search site Monster.com. According to Media Metrix, CareerBuilder.com had 256,000 unique users, compared to Monster.com’s 2.6 million. There are also several other similar sites that get more traffic than CareerBuilder.com, so CareerBuilder.com’s executives are probably rather content about the fact that their stock is public and that it performed well on its first day.
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