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IPO Roundup: Numerical, LivePerson and Opus 360

Numerical Technologies (Nasdaq: NMTC), which provides products that help design and manufacture faster and smaller semiconductor devices, gained 21 9/16 to 35 9/16 in its debut.

The company priced shares of its initial public offering at $14, above its $11 to $13 range for trading Friday.

For the year ended Dec. 31, the company had a net loss of $8.8 million on revenue of $5.5 million, as compared to a loss of $6.6 million on revenue of $736 000 in 1998.

Companies that use NumeriTech's products include chip makers such as Motorola (NYSE: MOT) and Lucent (NYSE: LU), foundries, chip design software developers, and photomask manufacturers.

Numerical's competitors include direct providers of phase shifting, and manufacturing data technologies such as Avant! (Nasdaq: AVNT) and Mentor Graphics (Nasdaq: MENT).

Lead Underwriter for the deal is CS First Boston, Chase H&Q and SG Cowen are co-managers.

Other IPOs:

  • LivePerson (Nasdaq: LPSN) edged up 1 1/2 to 9 1/2 after it priced 4 million shares at $8 each, well below its originally expected range or $13 to $15 a share.

    The lack of demand comes at the end of a week when the markets have been volatile over valuation concerns, especially for money-losing companies. LivePerson had an accumulated deficit of $9.8 million as of Dec. 31, but has never had revenue exceeding $640 000.

    The company competes with customer service enterprise software providers such as eGain Communications (Nasdaq: EGAN), eShare Technologies (Nasdaq: ESHR), Kana Communications (Nasdaq: KANA) and WebLine Communications (a part of Cisco Systems' (Nasdaq: CSCO)'s applications technology group.

  • Opus360 (Nasdaq: OPUS), which links job seekers with companies via the Web, rose 2 1/2 to 12 1/2 after pricing 7.7 million shares at $10 each, in the middle of its range of $9 to $11 a share.

    Dell (Nasdaq: DELL) will take a 3 percent stake in the company, giving it a $14 million cash infusion and vote of credibility.

    For the year ended December 31, the company had pro forma revenue of $2 million, while losing $50.3 million. The company did not report a full year's results previous to 1999, since inception was August 1998.

    The company competes with traditional recruiting, search and placement firms such as headhunters, as well as online services, such as Monster Talent Market, and large Internet information portals that provide online job search services, such as, Hot (Nasdaq: HOTJ), and

    Robertson Stephens is underwriting the deal with Bear Stearns. J.P. Morgan and E*Offering are co-managers.