Xionics launches an initial public offering that rose 19.8 percent by the close of market.
Xionics, a provider of embedded-systems technology, offer 3 million shares at $12 apiece. By the end of the day, the stock closed at 14-3/8.
The proceeds will be used to pay debt and general corporate expenses. Xionics products are used in such devices as office printers, copiers, scanners, and peripherals.