O2Micro International Limited (Nasdaq: OIIM) more than doubled during its initial public offering Wednesday, skyrocketing 11 49/64 to 20 49/64. The stock opened at 9, with just over 10 million shares traded during the day.
The stock’s performance reflects current market confidence in suppliers of products for computers, laptops and other electronic devices.
The five year-old O2Micro produces integrated circuits and other battery powered management products for manufacturers of portable computers.
Headquartered in the Cayman Islands, the company also has offices in the United States, Japan and Taiwan.