The initial public offering of PFSWeb (Nasdaq; PFSW), which offers transaction-management services for both e-commerce and brick-and-mortar companies, also was welcomed by Wall Street on its first day of trading on Thursday. PFSWeb’s IPO was priced at $17 a share, above its revised range of $14 to $16 after an original range of $12 to $14. Shares of PFSWeb opened at 37 and closed at 44-1/8 — near their high for the day — for a first-day gain of nearly 160 percent.
Pretty much anything that enables e-commerce is being favored by investors right now, so PFSWeb stock could continue to climb in the near term. The company’s clients include IBM, Hewlett-Packard, Apple Computer and Nokia.