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Short Take: Micromuse goes public, beats target price

Micromuse, a management software solutions provider, went public today, raising $37.2 million in capital. The company offered 3.1 million shares, and set a target price of $12 per share, which was bested as the stock shot up to close at 18-7/8, up 1 3/8 from its opening price of 17-1/2.

Micromuse, a management software solutions provider, went public today, raising $37.2 million in capital. The company offered 3.1 million shares, and set a target price of $12 per share, which was bested as the stock shot up to close at 18-7/8, up 1 3/8 from its opening price of 17-1/2.