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5 Best IPOs of 2011

ServiceSource -- up 57%

ServiceSource (SREV - Get Report) debuted in late March, pricing 11.9 million shares at $10 each, above a projected range of $7.50 to $9 each, to raise $119 million. The stock closed Thursday at $15.84.

The San Francisco-based maker of revenue-management software applications is enjoying some benefit from its association with the cloud after SAP paid a 52% premium for SuccessFactors (SFSF).

ServiceSource helps companies manage maintenance, support and subscription agreements for tech companies. For the third quarter ended Oct. 31, the company posted non-GAAP earnings of $1.1 million, or a penny per share, on revenue of $50.1 million, up more than 30% year-over-year.

>>To see these stocks in action, visit the 5 Best IPOs of 2011 portfolio on Stockpickr.

-- Written by Debra Borchardt in New York.



>To contact the writer of this article, click here: Debra Borchardt.

>To follow the writer on Twitter, go to http://twitter.com/wallandbroad.

>To submit a news tip, send an email to: tips@thestreet.com. http://i.thestreet.com/files/tsc/v2008/photos/graphics/120911_vid_th_china.jpg

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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IMPV $41.40 0.00%
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