Infoblox surges following IPO

@CNNMoneyInvest April 20, 2012: 11:20 AM ET
Shares of technology firm Infoblox soared in their debut on the New York Stock Exchange Friday, rising more than 40% versus their offering price.

Infoblox joins fellow tech firms Proofpoint and Splunk in this week's debuts.

NEW YORK (CNNMoney) -- Shares of technology firm Infoblox soared in their debut on the New York Stock Exchange Friday, rising 35% versus their offering price.

The network infrastructure provider priced shares Thursday at $16; they opened at $22.50 on Friday and fell to around $21.50 in morning trading.

Infoblox (BLOX) joins fellow data-management companies Splunk (SPLK) and Proofpoint (PFPT) in debuting on public markets this week.

Proofpoint shares were up about 20% on Friday, trading at around $15.75 after being priced Thursday at $13. Splunk shares more than doubled versus their offering price in the first day of trading, closing at $35.48 Thursday after the company priced them at $17 a day prior.

The companies are the latest in a parade of strong IPOs to hit the market in recent months. Looming in the background is Facebook, which is expected to debut at some point in May.

Outside of the tech world, energy firm Midstates Petroleum Company (MPO) was trading around $14.10 on Friday morning, up about 8% versus the offering price of $13 announced Thursday.

So far this year, U.S. IPOs have popped by an average of 19% in their first day of trading, according to Dealogic. To top of page

Index Last Change % Change
Dow 32,627.97 -234.33 -0.71%
Nasdaq 13,215.24 99.07 0.76%
S&P 500 3,913.10 -2.36 -0.06%
Treasuries 1.73 0.00 0.12%
Data as of 6:29am ET
Company Price Change % Change
Ford Motor Co 8.29 0.05 0.61%
Advanced Micro Devic... 54.59 0.70 1.30%
Cisco Systems Inc 47.49 -2.44 -4.89%
General Electric Co 13.00 -0.16 -1.22%
Kraft Heinz Co 27.84 -2.20 -7.32%
Data as of 2:44pm ET
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.80%3.88%
15 yr fixed3.20%3.23%
5/1 ARM3.84%3.88%
30 yr refi3.82%3.93%
15 yr refi3.20%3.23%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.