Netgear Jumps in Trading Debut

Updated from July 30

Just as Wall Street analysts are becoming wary of Wi-Fi, investors are warming up to it.

Netgear (NTGR Quote), which makes gear used for wireless fidelity networks (as well as Ethernet networks and broadband), made a strong showing when it started trading Thursday.

The company raised $98 million through an initial public offering of 7 million shares priced at $14 each. The offering was underwritten by Lehman Brothers, Merrill Lynch and UBS Warburg. Tuesday, in light of robust demand, Netgear's offering price was hoisted from the $10 to $12 range to $12 to $14. ...