Net Mania Continues
Priceline.com, operator of a Web site that lets consumers bid for airline tickets and hotel rooms, scored the third-biggest debut gain for a U.S. stock Tuesday. The shares rose more than fourfold, surging $53 to close at $69. The 10 biggest first-day percentage gains by U.S. initial public offerings, from the stock’s offering price to the close on the first trading day:
Company Ticker Date First-day gain Theglobe.com TGLO 11/13/98 606% MarketWatch.com MKTW 1/15/99 474 Priceline.com PCLN 3/30/99 331 Healtheon HLTH 2/11/99 292 Broadcast.com BCST 7/17/98 249 EarthWeb EWBX 11/11/98 248 IVillage IVIL 3/19/99 234 UBid UBID 12/04/98 220 Tut Systems TUTS 1/29/99 219 Secure Computing SCUR 11/17/95 202
Sources: Bloomberg News, Securities Data
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