Surprise, surprise. Yet another e-commerce-related software company saw its stock take off on its first day of trading on Tuesday. This time, the big winner was Quintus (Nasdaq: QNTS), which develops software that helps online business manage customer interactions. Quintus priced its initial public offering at $18 a share, and the stock more than tripled on Tuesday, rocketing 37 to 55.
The performance was not at all surprising when you consider the paths that the stocks of other e-commerce software companies such as Ariba, Commerce One, E.piphany and Kana Communications, which have all had big IPOs this year, have taken. Quintus looks like a stock that could keep on climbing. The company’s customers include Lucent Technologies and Procter & Gamble, and Quintus has alliances with many major technology players, including Microsoft, Oracle, Hewlett-Packard and Sun Microsystems.