Saturday, February 18, 2012

Brightcove stock rises in debut on Wall Street - Business - The Boston Globe

Congrats to Jeremy Allaire, David Mendels, and the rest of the Brightcove gang

Brightcove Inc., a Cambridge company known for its Internet video platform and online video tools, made an impressive debut on Wall Street yesterday as its stock rose 30 percent on the firm’s first day of trading, to close at $14.30, $3.30 above its offering price.

The company had priced its initial public offering of 5 million shares at $11 per share. By midday they were trading on the Nasdaq Global Market at $14.48, up nearly 32 percent, before floating down to $14.30 by closing time.

Brightcove stock rises in debut on Wall Street - Business - The Boston Globe

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