Rubicon IPO Pops as Investors Continue to Bid Up Tech Stocks

Online advertising company Rubicon priced its IPO shares at $15, the low end of its planned range. The first trade was at $17.50 and then the stock took off to trade over $20 for a 30% increase. CEO Frank Addante tells TheStreet's Debra Borchardt that the company has big growth plans ahead as it expands its mobile advertising and video advertising offerings. While Rubicon has lost money, Addante stressed that it is EBITDA positive and hasn't had to raise any money.

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