Photo added Jan 6, 2012
Friday, July 29, 2011
C&J Energy Services opens up 3% on its first day of trading; Closed +5.17%
Closed +5.17%
Oil and gas well service specialist C&J Energy Services Inc. (CJES) closed out a busy week in the U.S. IPO market Friday, making modest gains in early trading.
The company's stock opened at $30 a share on the New York Stock Exchange, up 3% from its initial public offering price of $29. A total of 11.5 million shares were sold at a price above its expected $25 to $28 range. It was changing hands recently at $30.45, up 5%.
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