Thursday, March 20, 2014

Q2 Up In IPO Debut

Austin-based Q2 Holdings, the developer of cloud-based banking software, was up $16.69% in its first day of trading on the NYSE, where it debuted at QTWO on Thursday. The company--which had priced at $13.00 on Wednesday evening--is venture backed by Adams Street Partners, Battery Ventures, as well as other investors. The company closed at $15.17, up 2.17 from its opening price on Thursday morning.