The initial public offering market continues to fuel strong interest in Internet stocks as several market leaders show gains today. iVillage’s (NASDAQ:IVIL) rocketship debut soars more than triple from its IPO price. Prices at $24 and opens at $95.875, touches a $100 ceiling before the trade fest softens as IVIL closes at $80.125. The problem here is a paltry handful of individual investors got any shares of IVIL at the IPO price, if indeed any of them did. Most pay full retail — the $90 plus shown.
Today’s snapshot:
19-Mar-99 |
point change |
% change |
|
ISDEX |
533.14 |
14.16 |
2.73% |
NASDAQ |
2,421.27 |
-41.69 |
-1.69% |
DJIA |
9,903.55 |
-94.07 |
-0.94% |
HotWatch ’99 by Steve Harmon offers a monthly insight into the hottest stocks in the Internet, his top picks for 1999. Last year’s picks by Steve gained 312%. Each month a new report, delivered to you click here for more info –