Tivoli's Stock Way Up After Initial Offering
PRODUCTS AND VENDORS
Following a March 10 initial public offering, network management software vendor Tivoli Systems Inc. saw its stock price rise more than 25 points in its first five trading days on Nasdaq. The vendor -- which counts among its clients numerous financial trading firms -- opted for the IPO in the wake of fivefold revenue growth between 1992 and 1994, from $4.7 million to $26.9 million. The vendor expects to net upwards of $30 million from the sale of its common stock. According to Tivoli's
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