Websense, Inc. (Nasdaq: WBSN) rose 29 3/4 to 47 3/4 Tuesday, its first day of trading. The company makes software that allows employers to monitor workers’ Internet usage and prevent them from, for example, shopping or job-hunting online.
Websense clients include American Express, Procter & Gamble and AT&T.
The price for the San Diego-based company’s 4 million common shares was increased to $18 from an initial estimate of $12 to $14.
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