Stock Watch: Stamps.com Shares Travel North

Stamps.com (Nasdaq: STMP) was another e-commerce IPO that closed with a healthy gain on Friday. The IPO priced at $11 and closed up 2-11/16, a gain of nearly 25 percent. The online postage company is somewhat of a question mark right now because its technology — which allows users to print electronic stamps — hasn’t been approved by the U.S. Postal Service yet. Another potential stumbling block is the lawsuit industry leader Pitney Bowes has filed against Stamps.com, alleging that Stamps.com has infringed on its patents.

These are serious concerns, of course, but Stamps.com has some strength on its side. Its investors include Paul Allen’s Vulcan Ventures and Intel.

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