Active Network Shares Begin Trading
Shares of the Active Network, the San Diego-based provider of online registration services for conferences, recreational licenses, sporting leagues and other events, gained more than a dollar in morning trading today, after the company priced its IPO yesterday at $15 a share. That was below the expected range of $16 to $18 a share, which suggests the Internet company wasn’t attracting the sort of enthusiasm that investors had earlier this week for the debut of Yandex, the Russian search engine, and recently for LinkedIn, which provides online business networking services. Still, it was a good start as the Active Network’s stock began trading on the New York Stock Exchange under the symbol “ACTV.”
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