The initial public offering of Internet banking services company Digital Insight is expected to see a solid gain when it opens for trading today. Digital Insight priced 3.5 million shares at $15, above the original price range of $12 to $14.
Digital Insight, which provides online banking solutions for more than 380 businesses including credit unions, small to medium-sized banks and savings and loans, could be a solid infrastructure play. In addition to banking services, the company provides Web site development, hosting, and maintenance for its customers.
Digital Insight’s development partners include Microsoft, IBM, AT&T Worldnet, CheckFree, Intuit and MCI Worldcom.