Category: Articles
- Published: 16 April 2009
- Written by Editor
Rosetta Stone ends up 40 percent, best debut in a year
By Phil Wahba
NEW YORK (Reuters) - Rosetta Stone Inc (NYSE:RST) shares finished their first day of trading up nearly 40 percent Thursday, following the company's initial public offering, making it the strongest start of a new stock in nearly a year.
Rosetta Stone, which provides language instruction products, opened trading at $25, on the morning after it priced its IPO at $18, exceeding the estimate range.
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