SAN FRANCISCO -- The latest IPO to hit The Street is making a splashing debut, and some other newly traded companies also are on the rise on a day when the market is rallying sharply.
, an email service provider, has more than doubled from the 24 level where it was priced. The company was trading 41 1/8 higher, or 170%, at 65 1/8.
Also, shares of
are up after it was plugged in this week's
. iVillage was trading up 18 1/8, or 23%, at 96 3/4, near its all-time high of 100 reached on its first day of trading March 19.
is trading near its all-time high. Last week,
Volpe, Brown Whelan
, one of the underwriters for the company, reiterated a buy on VerticalNet, with a 12-month price target of 119. VerticalNet offers business-to-business commerce communities on the Internet. It was trading 10 1/4 higher, or 10%, at 111 3/4.
A number of companies that are splitting in the near future are profiting in advance of the split.
, which splits 2-for-1 on April 8, was up 12 1/8, or 7%, at 194 3/8. The stock has been on a tear this month, more than doubling from March 4 when it was trading at 93.
There's more news than just a split from
. The company will announce details of its
on Tuesday. In addition,
also announced it was upping its price target on Sun to 140 from 120. It splits 2-for-1 April 8. Sun Microsystems was trading 6 7/16, or 6%, higher at 122 13/16.
split as of trading today and also are on the rise, though gains come a day before the company and government meet to attempt to reach a settlement on the antitrust case against Microsoft. It was trading up 2 points, or 2%, at 91 1/16.
E*Trade in Buying Mode
is trading higher following an announcement that it would be buying ClearStation, a financial Web site that provides technical and fundamental analysis of stocks. Terms of the deal were not disclosed, but the transaction is being completed through an issuance of E*Trade shares, though the company did not say how many shares would be offered. E*Trade was up 1 1/2, or 3%, at 59 3/8.
What's in a Name?
, an online retailer of technical books, has rallied after announcing it had changed its name to
. The stock was trading up 3 1/4, or 16%, at 24. New ticker symbol on the company will be FATB.
Johnny on the Spot
have traded higher after the security software maker said it distributed a program to fix the Melissa virus. Network Associates was up 2 points, or 6%, at 33 1/16.