Stock Watch: Solid Debut for Zengine

Zengine, Inc. (Nasdaq: ZNGN) rose 1 1/8 to close at 14 1/8 in its debut session Thursday.

The company, a spinoff of MCSi, Inc. (Nasdaq: MCSI), sold 4.29 million shares through William Blair & Co. MCSi shareholders bought 390,000 of the shares.

Zengine, headquartered in Fremont, California, provides e-business services including Web site design, product content and merchandising, personalization, customer relationship management, advertising services, order management, fulfillment, customer service, and reporting and analysis.

The shares, however, were priced at the lower end of the expected range, indicating that “B2B is not really where investors are focusing their attention,” IPOFinancial’s Menlow told the E-Commerce Times.

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