initial public offerings (IPOs) trading on American exchanges

Saturday, July 21, 2012

Kayak Software (KYAK) started trading on the NASDAQ on July 20, 2012

Kayak Software jumps 29% on IPO debut

Shares of Kayak Software (US:kyak) jumped 29% to $33.78 after the stock opened trading on the Nasdaq on Friday morning, following its initial public offering. The shares rose to $33.60, after pricing at $26 late Thursday. The company sold 3.5 million shares in the offering. Morgan Stanley and Deutsche bank led the deal. The stock opened trading at $30.10. The IPO follows another strong debut from Palo Alto Networks (US:panw) earlier in the morning, with that stock up more than 34% from its IPO price.

** 3 weeks later **

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