Stock Watch: IPO Looks Hot

Today’s initial public offering of is definitely one to watch. With investors including top venture capital firm Kleiner Perkins Caufeld & Byers and, the online drugstore certainly has some powerful ammo on its side. priced its IPO at $18, twice as high the bottom end of its original range of $9 to $11, and above its revised range of $15 to $17. Analysts believe could be one of the highest flying IPOs of the year.

A nice pop by’s stock could help boost, which now has a 26.8 percent stake of the company. At $18 a share, is already worth more than $763 million. If it performs even half as well as expected, investors will be looking at the next billion-dollar company. That’s not bad, considering didn’t even launch until March.

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