As initial public offerings go, Marin Software couldn’t have asked for much better than its Friday debut on the New York Stock Exchange. Late Thursday, it priced its stock at $14 per unit, higher than the anticipated range of $11-$13. Then it sold 7.5 million shares — half a million more than originally expected — raising about $105 million. Investors drove the share price up Friday by some 16 percent to close the day at $16.26 per share. Monday morning Marin was trading at $15.52 per unit.
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Marin Software Rocks Wall Street
Posted by: Erika Morphy March 25, 2013 10:59 AMAs initial public offerings go, Marin Software couldn’t have asked for much better than its Friday debut on the New York Stock Exchange. Late Thursday, it priced its stock at $14 per unit, higher than the anticipated range of $11-$13. Then it sold 7.5 million shares — half a million more than originally expected — raising about $105 million. Investors drove the share price up Friday by some 16 percent to close the day at $16.26 per share. Monday morning Marin was trading at $15.52 per unit.