Shares of Bare Escentuals (BARE) jumped nearly 30% on their first day of trading. The makeup company's initial public offering of 16 million shares priced at $22 a share, well above the projected range of $15 to $17. The shares recently were trading at $28.50.

Another newly public company,

Shutterfly

(SFLY) - Get Report

, rose 7%. The Internet photo company's offering priced at $15 a share, at the high end of the projected $13 to $14 range. Shares advanced $1.06 to $16.06.