NEW YORK CITY — Shares of six initial public offerings competing for investors’ attention were mixed in their trading debuts in the busiest day for IPOs since November 2007.
Initial investors appeared to still be price-sensitive as the IPO market slowly comes back to life. Only SPS Commerce raised more than it had hoped in a $49 million deal.
DynaVox, a speech-generating software maker, and Codexis, a biofuels company that also serves the pharmaceutical market, were rising in afternoon trading after pricing their IPOs at the bottom of expected ranges.
Seismic data provider Global Geophysical Services, biotechnology company Alimera Sciences and communications company Mitel Networks priced shares below expectations.