CarGurus’ long-awaited listing on the Nasdaq Stock Exchange went off sensationally well for the company yesterday when the share price spiked more than 72 percent on the first day of trading. The company’s share had been priced to list at $16 U.S. --- already higher than expected --- but jumped to $27.58 by the end of the day.
CoStar Group, which made the classified ad headlines earlier this month when it bought rival ForRent from Dominion Enterprises, yesterday announced it has commenced a public offering of $750 million U.S. of its common stock.
CarGurus filed on Friday with the SEC to raise up to $100 million in an initial public offering. The company would be valued at more than $1 billion.
Monster Worldwide has moved to the New York Stock Exchange (NYSE) from its previous home on NASDAQ. It’s the fifth company to make the move in 2008.
Monster’s new ticker symbol is MWW.