Today’s IPOs: You Win Some, You Lose Some
For six-year-old BladeLogic (BLOG), it’s a really good day. Shares of the maker of data-center-automation software opened at $24.25—well above the $17 offering price and the initial $12 to $14 estimate—and closed at $25.07. Investors in the company include Battery Ventures, Bessemer Ventures, Globespan Capital Partners, and MK Capital.
For text-imaging firm Monotype (TYPE)—the descendant of an 1800s typography company—it was another story. Monotype’s stock was offered at (and opened at) $12, down from the originally estimated $13 to $15. The stock had gained only a nickel by close.