IPO Stock Watch: Yodlee Stock Up As Coverage Begins
Several analysts initiated coverage on financial software provider Yodlee on Tuesday, sending the stock up. Coverage was initiated as the quite period among its underwriters for Yodlee’s initial public offering expired. Shares were up 8.5% in midday trading in the stock market today, near 16, its high price since its first day of trading. Yodlee (YDLE) had its IPO on Oct. 3, raising $75 million by selling 6.3 million shares at 12, a price in line