Tags: US | SS&C | Technologies | IPO | Mover

SS&C Tech Shares Rise as IPO Starts Trading

Wednesday, 31 Mar 2010 11:38 AM

Shares of SS&C Technologies Holdings are rising in their IPO debut after the company raised $160.9 million.

The Windsor, Conn., company provides software and back-office services for the financial services sector. It follows two successful technology IPOs last week.

SS&C Technologies Holdings Inc. and its shareholders sold 10.7 million shares to initial investors for $15 each, the top of the expected $13 to $15 range, the company said Wednesday. Its private-equity owner Carlyle Group retained its entire stake, about 63 percent of shares outstanding after the initial public offering.

SS&C shares are up 82 cents, or 5.5 percent, to $15.82 in morning trading Wednesday on the Nasdaq under the symbol "SSNC."

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Shares of SS C Technologies Holdings are rising in their IPO debut after the company raised $160.9 million.The Windsor, Conn., company provides software and back-office services for the financial services sector. It follows two successful technology IPOs last week.SS C...
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