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Published on julio 1st, 2009 | by admin

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LogMeIn IPO Keeps Venture Capital Hot Streak Alive.

Software company LogMeIn Inc. continued this year’s winning streak of venture-backed technology IPOs Wednesday, closing up 25% on its first day of trading.

The company’s stock ended the day at $20.02 a share on the Nasdaq, up from its initial public offering price of $16 a share. A total of 6.7 million shares sold at the high end of its expected price range, which was set by underwriters JPMorgan Chase & Co. and Barclays Capital, the investment banking arm of Barclays PLC.

LogMeIn is the fourth venture-backed company to put in a strong debut in the U.S. this year. All of them have happened in the past six weeks, at a time when venture capitalists desperately need some liquidity. The three previous venture-deals – from software maker SolarWinds Inc., online reservations site OpenTable Inc., and software maker Medidata Solutions Inc. – all showed double-digit percentage gains on their first day of trading.

LogMeIn also continues the 2009 drumbeat of successful tech company debuts, venture-backed or not. Since the start of the year, every tech-related company has gained on its first day of trading.

LogMeIn also continues the 2009 drumbeat of successful tech company debuts, venture-backed or not. Since the start of the year, every tech-related company has gained on its first day of trading.

Continue reading on Venture Capital Dispatch

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Creador de #Squoosh, Visual-Agency , dedicada a acompañar a sus Clientes en distintos Proyectos Digitales , Consultor Internacional, Technical Evangelist Adobe Systems /. Consultor para Adobe , Macromedia y Apple . Premiado a nivel Nacional e Internacional. Premio al “Mejor Consultor de Latinoamerica” Adobe Systems . Mejor Speaker Argentino . 4to puesto en el Ranking Mundial al “Mejor Orador Hispano Parlante” . Mejor Consultor Senior de la Region. En La actualidad estoy muy Enfocado en Generar Canales de Contenidos Visuales y guianes para Grandes Empresas, Proveedores y Clientes Finales. Mail gabymenta@gmail.com



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