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.