Short Take: Internet Security Systems IPO flies out of gate
On its first day of public trading, Internet Security Systems stock jumped 18-3/8, or more than 84 percent, to close at 40-3/8. The IPO price for the 3 million shares offered by ISS, a security management software company founded in 1994, was $22 per share. The stock's underwriters include Goldman, Sachs as lead manager, and BancAmerica Robertson Stephens, UBS Securities, and Wessels, Arnold & Henderson as comanagers.
Jeff Pelline Staff Writer, CNET News.com
Jeff Pelline is editor of CNET News.com. Jeff promises to buy a Toyota Prius once hybrid cars are allowed in the carpool lane with solo drivers.
On its first day of public trading, stock jumped 18-3/8, or more than 84 percent, to close
at 40-3/8. The IPO price for the 3 million shares offered by ISS, a
security management software company founded in 1994, was $22 per share.
The stock's underwriters include Goldman,
Sachs as lead manager, and BancAmerica
Robertson Stephens, UBS
Securities, and Wessels,
Arnold & Henderson as comanagers.