Foundry Networks, Inc. surprised Wall Street yesterday by closing up 525 percent and grabbing the number two spot for all-time first day IPO percentage gainers. The Sunnyvale, California-based company produces switches that make the Internet and e-commerce more efficient.
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Foundry IPO Delivers Near-Record First Day
Posted by: Rob Spiegel September 29, 1999 12:00 AMFoundry Networks, Inc. surprised Wall Street yesterday by closing up 525 percent and grabbing the number two spot for all-time first day IPO percentage gainers. The Sunnyvale, California-based company produces switches that make the Internet and e-commerce more efficient.