Model N Stock Surges on IPO

Before you go, we thought you'd like these...
Before you go close icon

Shares of software provider Model N made a strong debut in their IPO on Tuesday. The company's stock hit the market at $15.50 per share and closed the day at just under $20, for a gain of almost 30%.

Model N's founder and CEO, Zack Rinat, rang the exchange's opening bell to start the day's trading.

The California-based company specializes in revenue management software for the pharmaceutical/medical, biotech, and high-tech industries. In the former sphere, its customers include Merck and Boston Scientific, while in the high-tech category its clientele includes Nokia and Dell.

The article Model N Stock Surges on IPO originally appeared on Fool.com.

Fool contributor Eric Volkman owns shares of Nokia. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners