Stock Watch: Digital Think IPO Gets Good Reception

DigitalThink, Inc. (Nasdaq: DTHK), which calls itself “an e-learning company,” more than doubled in its first day of trading. The software company sold 4.4 million common shares at $14 each in an offering managed by Credit Suisse First Boston, Chase H&H and Robertson Stephens. The company provides training courses to such clients as Cisco Systems, Adobe Systems, KPMG and Deutsche Bank.

Shares of the San-Francisco-based Digital Think rose 15 Friday to 29, a gain of 107 percent. A day earlier, the company increased the projected price range for its IPO to $12 to $14 a share from $10 to $12.

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