Rocket Fuel soars in 1st day as a public company

Published on NewsOK Modified: September 20, 2013 at 4:29 pm •  Published: September 20, 2013
Advertisement
;

NEW YORK (AP) — Shares of digital advertising company Rocket Fuel took off during its first day as a publicly traded company.

The technology company's stock gained $27.10, or 94 percent, to $56.10 after it raised $116 million in an initial public offering of stock.

Its shares priced at $29 each, at the high end of the expected price range of $27 to $29 per share.

Rocket Fuel Inc. is giving the deal's underwriters a 30-day option to buy up to an additional 600,000 shares to cover any excess demand.

The Redwood City, Calif., company's stock trades on the Nasdaq under the "FUEL" ticker symbol.


Advertisement


Trending Now



AROUND THE WEB

  1. 1
    Check out the Thunder postseason playlist
  2. 2
    VIDEO: Blake Griffin dumps water on a fan
  3. 3
    Oklahoma City Thunder: Grizzlies guard Nick Calathes calls drug suspension unfair
  4. 4
    Dave Chappelle Reveals Shockingly Buff New Look
  5. 5
    Peaches Geldof Funeral to Be Held on Easter Monday
+ show more