View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 7, 1999

PlanetRX Shares Jump 128% on Nasdaq Debut

By CBR Staff Writer

Shares in online pharmacy Inc were well received on the Nasdaq Thursday, opening at $31.50 and jumping as much as 128%, after the company sold six million shares at $16 each. The stock traded up to $36.50 in its maiden session before closing at $26, for a 62.5% premium over the offering price. Volume for the day was 10.9 million shares. Underwriters for the offering were Goldman, Sachs & Co, BancBoston Robert Stephens, Hambrecht & Quist and William Blair & Co. The underwriters will have a 30-day option to purchase up to 900,000 additional shares to cover over- allotments. á

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.