DigitalGlobe trading higher after raising $279 million in IPO

Anthony Massucci
Updated

The IPO market isn't quite on fire. It is, though, heating up.

Shares of DigitalGlobe (DGI), which provides satellite photography to Google (GOOG) and Microsoft (MSFT), are trading higher today after raising $279.3 million in an initial public offering yesterday.

That investors are willing to put fresh money into companies including DigitalGlobe and recent IPOs Rosetta Stone (RST) and Bridgepoint Education (BPI) shows promise for the IPO market, which had no activity at the end of 2008 or the start of this year.

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