The initial public offering of e-commerce infrastructure company Cysive should take off when shares open for trading today. Cysive priced its IPO at $17, above the revised price range of $14 to $16 and well above the original range of $11 to $13. Cysive’s clients have included Cisco, AT&T, Qualcomm, First Union and the Tribune Company.
Obviously, the success of everything from Ariba, Commerce One and Art Technology to Calico, Commerce, Kana Communications and E.piphany illustrate that the sector Cysive is in is among the most favored on Wall Street right now. With the Martha Stewart Living IPO postponed, the Cysive IPO looks like it will be this week’s top-performing offering, even though the market is more than a little shaky today.