Ancestry.com Jumps in First Day of Trading After IPO
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Ancestry.com Inc., the largest online source of genealogical data, climbed as much as 21 percent in its first day of trading after an initial public offering.
Ancestry.com jumped $1.26, or 9.3 percent, to $14.76 at 11:59 a.m. New York time on the Nasdaq Stock Market. The shares traded as high as $16.32 earlier in the session. The company sold 4.07 million shares for $13.50 each in a deal led by Morgan Stanley and Bank of America Merrill Lynch. Existing investors sold an additional 3.33 million shares.