Covisint shares surge in first day of going public

Covisint shares shot up 23% in the first day of trading, after Detroit-based Compuware announced the terms for the long-planned initial public offering (IPO) of its wholly-owned subsidiary. Covisint, a provider of cloud engagement technologies, began selling 6.4 million shares of its common stock at a price to the public at US$10 per Subscribe to Automotive World … Continued

• By Webmaster
• September 27, 2013