SolarWinds up 13 percent, latest to jump in debut

May 20th, 2009 - Forbes

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NEW YORK, May 20 (Reuters) - SolarWinds Inc stock rose nearly 13 percent in its trading debut on Wednesday, putting it on pace to be the sixth consecutive IPO in the United States to have a first-day jump.

After trading as high as $15.16, or 21 percent over its offer price, SolarWinds shares eased by midday on the New York Stock Exchange, changing hands for $14.10.

'Investors were looking for a growth story in software,' said Kevin Thompson, SolarWinds' chief operating officer and chief financial officer.

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