The stock of Netscape Communications Corp.
, marketer of the Netscape browser and server software for the World Wide Web, closed at $58.25 in its first day of trading Wednesday, down from an opening price of $71 and a high of $75 earlier in the day. Netscape offered 5,000,000 shares of common stock in its IPO. Earlier reports had expected the stock to open much at a much lower price.
Copyright August 1995 Crain Communications Inc.