Internet search engine provider Lycos
had a promising first day on Wall Street today, almost doubling the initial offering price before closing at 22 1/8, up more than six points.
public this morning at $16 per share on the Nasdaq market. The stock reached as high $29.25 during a day when almost 5.9 million Lycos shares were traded.
Lycos' major competitors Yahoo and Excite both filed registration statements for IPOs last month.
Excite follows Yahoo with IPO
Yahoo goes public