ImageX.com (Nasdaq: IMGX) finally ended speculation about its IPO on Tuesday. The company, which provides e-commerce solutions for the commercial printing industry, priced three million shares at $7 after originally planning to offer four million shares at a range of $12 to $14.
Shares of ImageX.com gained more than 99 percent on Thursday, closing up 6-15/16 to 13-15/16. Like Bamboo.com, ImageX.com didn’t have a star underwriting team.
The lead underwriter for ImageX.com’s IPO was Volpe Brown Whelan, with Prudential as a co-manager.
Thursday’s IPO action can probably best be summed up this way: surprise, surprise.