· Absolute Shockers · ECONOMY · MARKETS
Hello, Netscape! Zipcar IPO Zooms 65%
Well, looks like Netscape days are back -
Zipcar shares soared in their market debut Thursday, after the car sharing company's initial public offering raised more money than it had expected.
Shares of the decade-old Cambridge, Mass.-based company opened at $30 per share on Nasdaq, a 67% increase from its offering price of $18.
Statistics Source: CNN Money