Investors eager to put their money to work in the stock market sent shares of two technology companies and a bank soaring on their first day of trading.
Chip maker MaxLinear and broadband equipment provider Calix are set to benefit as technology spending increases. Regional bank First Interstate BancSystem is profitable. All were priced right, analysts say.
Each company posted double-digit gains on its first day of trading, despite a down day for the overall market. It is the IPO market's best day since the financial crisis began.
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