TECHNOLOGY - May 26, 1995
<i> Times Staff and Wire Reports</i>
Investors Welcome NexGen IPO: Stock in start-up chip maker NexGen Inc. soared as investors welcomed the initial public offering of a company that sells the first chip rivaling Intel Corp.’s high-class Pentium. The stock of Milpitas, Calif.-based NexGen closed at $26.50 from the $15 initial offer price. It rose as high as $31 earlier in the day. Nearly 5.6 million shares had traded on Nasdaq. Industry analysts said a combination of healthy market conditions, a unique manufacturing strategy and solid management accounted for the investor frenzy.
