Convio shares rise in IPO debut after software company prices low, raising $46.2 million
By APThursday, April 29, 2010
Convio shares rise in IPO debut after pricing low
NEW YORK — Shares of Convio are up in their market debut Thursday after the software company priced its initial public offering low, raising $46.2 million.
The Austin, Texas company priced 5.1 million shares at $9 Wednesday night, below the expected range of $10 to $12.
Convio’s software and services are designed to help nonprofit organizations raise money.
The shares, trading on the Nasdaq Global Market under the symbol “CNVO,” are up 70 cents, or 7.8 percent, to $9.70 in morning trading.
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