Today Annie’s ($BNNY) began trading on the NASDAQ and was welcomed with a wave of buying. The maker of organic food priced its IPO at $19 per share, above its revised target of $16 to $18. The stock quickly surged to a high of $36.52 before finishing the session at $35.92, up 89% of the IPO price.
Another recent IPO, Yelp ($YELP) closed higher by 1.6%, but was much higher during intraday trading. Brightcove ($BCOV) and Demandware ($DWRE) also closed at their best levels ever after debuting in the last two months. Even internet company, Angie’s List ($ANGI) was able to rally over 5% to close at its best level since it began trading in December of last year.
ETF to Watch: First Trust IPOX 100 Index ETF ($FPX).
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