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 –