Hyatt Hotels, Ancestry.com jump in market debuts

Nov 5th, 2009 - AOL Money & Finance

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NEW YORK -Two well-known companies shined in their market debuts Thursday despite what has recently been a difficult market for initial public offerings.

Shares of Hyatt Hotels Corp. jumped 12 percent in their first day on the New York Stock Exchange as markets appeared to dismiss concerns about infighting among its founder's heirs and tepid hotel reservations around the world.

Meanwhile, investors impressed by Ancestry.com's large subscriber base and growth story pushed the genealogy Web site's stock up as much as 21 percent on the Nasdaq market.

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