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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.

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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.

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