HOMEGROCER.COM HAS LESS THAN EXPLOSIVE IPO

KIRKLAND, Wash. -- HomeGrocer.com here raised its market capitalization to a total of $1.4 billion through a successful if unspectacular initial public offering.Stock in the company was priced at the top of its range ($12) for its IPO, but after trading as high as $16 1/4 on its opening day, HomeGrocer closed up 18% at 14 1/8. The following day it fell 8% and closed at $13.The results were far from

KIRKLAND, Wash. -- HomeGrocer.com here raised its market capitalization to a total of $1.4 billion through a successful if unspectacular initial public offering.

Stock in the company was priced at the top of its range ($12) for its IPO, but after trading as high as $16 1/4 on its opening day, HomeGrocer closed up 18% at 14 1/8. The following day it fell 8% and closed at $13.

The results were far from the explosive debuts many Internet start-ups, including HomeGrocer rival Webv

Register to view the full article

test - Advanced Registered User

Already a member? .