While NetRadio’s initial public offering struggled, shares of iGo (Nasdaq: IGOC), which sells accessories for mobile phones and computing devices, managed a decent gain of more than 17 percent on their first day of trading on Thursday. iGo closed up 2-1/16 to 14-1/16 after trading as high as 16 in heavy trading. More than eight million shares changed hands, compared to the five million shares that were offered in the IPO.
Another e-commerce IPO had a more modest climb on Thursday. Direct marketing company Netcentives (Nasdaq: NCNT) saw its stock climb 4.7 percent in its first day of trading, climbing 9/16 to 12-9/16. Overall, it was a pretty mediocre day in a pretty mediocre week for Internet IPOs.
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