Tech IPO Scorecard: Shopify Skyrockets 51%, While Baozun Rises A Slimmer 4.6%

TechCrunch

Two tech companies went public today, both posting first-day gains. The Canadian Shopifypopped a massive 51 percent, while Baozunpicked up a slimmer 4.6 percent.

While seeing your share price appreciate on your IPO day is always welcome, Baozun had to work harder to get its pop than Shopify. Baozun, which provides e-commerce tools for the Chinese market and in which Alibaba is a key investor, lowered its IPO price from a $12 to $14 range to $10 per share. Its gain today to just $10.46 per share is therefore testament to how its proposed range did not match investor sentiment.

Shopify, which provides e-commerce solutions to small and medium-sized businesses, initially priced between $12 and $14 per share, a gap that is boosted to $14 to $16 per share, before actually selling its equity for $17 apiece. Its shares spiked as high as $28.74 per share, before retreating…

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