The small-cap sector mostly traded in negative territory along with the rest of the market, but a number of tech names were nonetheless on the rise.
Underwriters have an option for about 1 million more shares to cover any overallotments. Shares of the Waltham, Mass., purveyor of Internet marketing and survey products were up $13.60 to $29.60.
Elsewhere, e-Future Information Technology (EFUT - Get Report), a China-based business-software company, vaulted 53.6% to $29.18 on word that the Beijing Tourism Group has licensed its e-Future ONE Visual Process Management Solution for centralizing purchasing and optimizing business processes. Terms weren't disclosed.Digital video recorder seller TiVo (TIVO - Get Report) also jumped after American Technology Research stamped the stock with a new buy rating. The analyst called TiVo a speculative pick, citing an estimated 60% chance that the Alviso, Calif., company will get a favorable ruling in its appeal-stage patent-infringement claim against EchoStar (DISH - Get Report). TiVo shares got a 6.1% lift to $7. Out of the tech sector, India's WNS (WNS - Get Report) leaped 25.7% to $22 after the outsourcing-services firm raised its fiscal 2008 revenue guidance. The company now expects between $290 million and $295 million, minus repair payments, vs. the prior forecast of $286 million to $291 million. Analysts polled by Thomson Financial are seeking $293.2 million.