The star among today’s IPOs is expected to be eGain, which, surprise, manufactures e-commerce customer service software. eGain is expected to have the same kind of success Wednesday’s big e-commerce IPOs had. eGain priced its IPO at $12, above the original range of $9 to $11.
eGain’s customer base may not be as strong as Kana’s, which includes Priceline.com and eBay, but the company does have an impressive list of customers. eGain’s customers include Go2Net, Snap.com and WebTV. Ben Holmes, president of ipoPros.com, has given eGain’s IPO his highest rating and expects the stock to trade at least five points higher than its offering price.
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