This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Blue Martini Makes Heads Spin, Rising Nearly 174% on Debut

Updated from 3:45 p.m. EDT

Shares of Blue Martini Software (BLUE - Get Report) finished up nearly 174% in its trading debut on Tuesday, in a week that is filled with notable companies going public.

The initial public offering of 7.5 million Blue Martini shares was priced at $20 a share, well above the $16 to $18 range, which had already been raised once, from $11 to $13. The $150 million issue finished Tuesday regular trading up 34 25/32 at 54 25/32.

The San Mateo, Calif.-based company develops and sells software for Internet-based business applications, such as e-marketing, e-merchandising and e-service. Its customers include privately held Levi Strauss, the world's No. 1 maker of brand name clothing; Deluxe Corp., the largest check printer in the U.S. and Harley-Davidson, the only major maker of motorcycles in the U.S.

For the quarter ended March 31, Blue Martini reported a net loss of $11.6 million, or 46 cents a share, compared with a net loss of $1.6 million, or 7 cents a share, a year earlier. It reported revenue of $10.7 million, up 433% from $241,000 the 1999 quarter.

Goldman Sachs was the lead manager of Blue Martini's IPO, with Dain Rauscher Wessels, Thomas Weisel Partners and U.S. Bancorp Piper Jaffray as part of the underwriting team.

Other highly-anticipated offerings this week include: Tycom, a spinoff of conglomerate Tyco International and optical networking plays Avici Systems and Corvis.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
BLUE $123.89 8.29%
AAPL $126.37 2.53%
FB $83.20 -0.13%
GOOG $552.03 0.67%
TSLA $190.57 3.01%


DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs