One day after the initial public offering of Microsoft’s Expedia (Nasdaq: EXPE) travel service, London-based online travel service ebookers.com (Nasdaq: EBKR) also pulled off an impressive IPO. EBookers.com’s IPO was priced at $18, the top end of its revised range of $15 to $18 after an original range of $13 to $15.
Ebookers.com closed its first day of trading up 8-5/8 to 26-5/8, a gain of nearly 48 percent. The closing price, however, was near the lows of the day. Ebookers.com opened at 36 and climbed as high as 43 before pulling back.
Meanwhile, shares of Expedia remained strong after gaining more than 282 percent on Wednesday. Expedia stock climbed 2-9/16 to 56 on Thursday.