Angie’s List Surges After Pricing Shares at Top of Range
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Angie’s List Inc., the consumer-review website with more than 1 million paying members, surged 25 percent in its trading debut after raising $114 million in an initial public offering.
Trading on the Nasdaq Stock Market under the symbol ANGI, Angie’s List climbed to $16.26 as of 4 p.m. New York time. The Indianapolis-based company sold 8.8 million shares, about 16 percent of its outstanding stock, for $13 apiece, the top of the proposed range.