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ChannelAdvisor Corp (ECOM) Shares Soar In IPO Debut

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Mani
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SaaS solutions provider ChannelAdvisor Corp (NYSE:ECOM) made impressive debut as its IPO opened for trading today posting over 35 percent gain.

ChannelAdvisor Corp (NYSE:ECOM)'s shares soared over 35 percent to $18.92 after pricing 5,750,000 shares at $14.00, above the expected $12-$14 range.

ChannelAdvisor Corp (ECOM) Shares Soar In IPO Debut

This impressive performance comes on the back of today’s bear move in the markets.

ChannelAdvisor Corp (NYSE:ECOM) is a leading provider of software-as-a-service, or SaaS, solutions that enable retailer and manufacturer customers to integrate, manage and optimize their merchandise sales across hundreds of online channels.

The lead book-running manager for ChannelAdvisor...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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