Stock Watch: BSquare IPO Powers Ahead

The words “hot” and “Windows CE” are rarely used in the same sentence, but things might be changing.

On Wednesday, the initial public offering of Windows CE software/solutions provider BSquare (Nasdaq: BSQR) got off to a strong start, with the stock closing up 10-5/8 to 25-5/8, a gain of nearly 71 percent. Volume was heavy, with eight million shares changing hands, compared to the four million shares in the offering. BSquare priced its IPO at $15, above the proposed range of $12 to $14.

BSquare’s customers include Hewlett-Packard, Motorola and Hitachi. The company is based in Bellevue, Washington, just miles away from Microsoft’s Redmond headquarters.

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