Shopping.com Makes an Auspicious Debut

Enjoying a boost from fellow dot-com darling Google(GOOG Quote), Shopping.com(SHOP Quote) shares soared more than 50% on their first day of trading Tuesday after pricing at the high end of their range.

Shopping.com shares climbed as high as $28.43 before settling recently at $27.50, still up $9.50, or 52.8%, from their $18 IPO price. Israel-based Shopping.com sold 6.87 million shares, raising $123.7 million.

"I thought it would open up with a premium, but not this kind of premium," Sal Morreale, who tracks IPOs for Cantor Fitzgerald in Los Angeles. "It's a stock that's riding the coattails of a Google-type deal." ...