Little Interest in Overstock's IPO - TheStreet

Shares of discount retailer

(OSTK) - Get Report

ended basically flat on their first day of trading, indicating that investors are making decisions about initial public offerings on a case-by-case basis.

Overstock, which sells discount, brand-name merchandise over the Internet, closed up 3 cents, or 0.2%, at $13.03. The company priced 3 million shares on Wednesday at $13 a share.

WR Hambrecht and Cantor Fitzgerald were the co-managers on the company's deal.