After a couple weeks of making investors wait around for its IPO, it looks like business-to-business e-commerce software company Calico Commerce will finally begin trading. It’s unclear why the IPO was postponed, but this one still looks like a high flier, largely because business-to-business is such a sizzling area right now.
Calico Commerce, whose clients include Cisco Systems, Dell Computer and Gateway priced four million shares at $14, the top of its range, and the stock is expected to open at a nice premium today. How hot is this IPO? Two weeks ago, it was Renaissance Capital’s IPO of week. This week, it again is Renaissance Capital’s IPO of the week.