IPO Market Strength Continues With Five New Issues
Five IPOs launched Friday, with A10 Networks (ATEN) unexpectedly opening below its pricing while Amber Road (AMBR) and Versatis (VSAR) showed the biggest pop. A10 was the largest of the deals. It priced 12.5 million shares at 15 to raise $187.5 million. The company provides software that optimizes data center performance. The stock began trading below its initial price but was up more than 6%, near 16 in midday trading in the stock market today .