Inktomi Corp

Internet search and software company Inktomi Corp. made a stunning debut on Wall Street, doubling its initial public offering price. The San Mateo-based company, whose technology powers many of the leading Internet directories, went public on the Nasdaq market at $18 a share and finished the day at $36. Inktomi offered 2.2 million shares through an underwriting team led by Goldman Sachs.

Inktomi Corp., which makes a popular software for searching the Internet, is expected to go public today. Inktomi shares were priced at $18. The company will offer 2.2 million shares through an underwriting team led by Goldman, Sachs & Co. San Mateo-based Inktomi is increasingly being recognized for delivering the most comprehensive search results on the Web. It has alliances with several Internet portal services to provide search technology to their directories.