E-commerce software company Active Software (Nasdaq: ASWX) also went public on Friday. The debut wasn’t nearly as high-flying as that of Quest Software, but Active Software’s initial public offering was still a success.
Active Software priced its IPO at $11 a share, and the stock closed its first day of trading up 3 to 14, a gain of more than 27 percent. Active Software’s products make e-commerce business more flexible by allowing users to weave together e-business software created by other companies. Customers include Boeing, Federal Express, Hewlett-Packard, Intuit, Juniper Networks, MCI, MediaOne, Motorola, Starbucks and the United States Department of Defense.