By: Staff reports
Web Syndicate Trades On NASDAQ
ScreamingMedia on Thursday launched its initial public offering of
5 million shares of common stock priced at $12 a share. The shares
are trading on NASDAQ under the symbol ‘SCRM.’
But the stock opened at 11 1/8, below its offering price of 12. It
closed the day at 10 1/2.
The Web syndicate aggregates and distributes content from more
than 410 providers to 1,000-plus Web site and wireless customers.
ScreamingMedia, which has 236 employees, is headquartered in New
York and has offices in London, Miami, and San Francisco.
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