Info tech company CDW rises in debut on the Nasdaq

Jun 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: Alibaba surges in Wall Street debut (Update)

not rated yet
add to favorites email to friend print save as pdf

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

Alibaba makes Wall Street debut

Sep 19, 2014

Alibaba made its long-awaited Wall Street debut Friday on the heels of a record stock offering that opens the door to global expansion for the Chinese online retail giant.

Alibaba IPO to boost employee fortunes to $8 bn

Sep 19, 2014

Employees of Chinese e-commerce giant Alibaba will see their fortunes swell to nearly $8 billion as the company prepares a massive US stock offering that could be valued at $25 billion.

Alibaba mega IPO caps founder Jack Ma success tale

Sep 19, 2014

When Jack Ma founded Alibaba 15 years ago he insisted the e-commerce venture should see itself as competing against Silicon Valley, not other Chinese companies. That bold ambition from a time when China was ...

User comments : 1

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.