Info tech company CDW rises in debut on the Nasdaq

June 27, 2013

(AP)—CDW's stock climbed in the information technology company's first day of trading on the Nasdaq.

CDW rose $1.57, or 9.2 percent, to $18.57 in morning trading Thursday.

The offering of about 23.3 million shares was priced at $17 per share. That was at the low end of its $17 to $18 projected price range.

CDW Corp. raised about $396 million from the IPO.

The underwriters have a 30-day option to buy up to an additional 3.5 million shares.

CDW reported 2012 net income of $119 million on revenue of $10.13 billion. In 2011, the Vernon Hills, Ill.-based company had net income of $17.1 million and revenue of $9.6 billion.

The shares are trading under the "CDW" ticker symbol.

Explore further: Marin Software rises in debut on the NYSE

Related Stories

Tableau Software soars in trading debut

May 17, 2013

(AP)—Tableau Software shares soared in their trading debut Friday after the company and some of its investors raised about $254.2 million in its initial public offering.

Recommended for you

Team develops targeted drug delivery to lung

September 2, 2015

Researchers from Columbia Engineering and Columbia University Medical Center (CUMC) have developed a new method that can target delivery of very small volumes of drugs into the lung. Their approach, in which micro-liters ...

Team creates functional ultrathin solar cells

August 27, 2015

(Phys.org)—A team of researchers with Johannes Kepler University Linz in Austria has developed an ultrathin solar cell for use in lightweight and flexible applications. In their paper published in the journal Nature Materials, ...

Magnetic fields provide a new way to communicate wirelessly

September 1, 2015

Electrical engineers at the University of California, San Diego demonstrated a new wireless communication technique that works by sending magnetic signals through the human body. The new technology could offer a lower power ...

Smart home heating and cooling

August 28, 2015

Smart temperature-control devices—such as thermostats that learn and adjust to pre-programmed temperatures—are poised to increase comfort and save energy in homes.

1 comment

Adjust slider to filter visible comments by rank

Display comments: newest first

SHRISTOCKTIPS
1 / 5 (1) Jul 03, 2013
Shristocktips provides Indian share market tips, Include trading tips,NSE, BSE, MCX, NCDEX exchanges, cash trading tips, future tips, commodity tips and Nifty trading tips. With highly accurate stock market tips, sensex and Nifty Intraday trading tips in stock market, for profitable trading in commodities & Intraday Tips.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.