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Sonic Innovations Inc

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BUSINESS
May 3, 2000 | Bloomberg News
Hearing aid maker Sonic Innovations Inc. (SNCI) helped the new-offerings market come roaring back Tuesday. The Salt Lake City-based company's shares rose 51% in first-day trading as investors showed they will still significantly bid up initial public offerings, or IPOs, even after recent steep declines in many computer and Web stocks. Sonic's shares climbed $7.13 to $21.13, a day after the company sold 3.6 million shares at $14 each, raising $50.4 million. South San Francisco, Calif.
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BUSINESS
May 3, 2000 | Bloomberg News
Hearing aid maker Sonic Innovations Inc. (SNCI) helped the new-offerings market come roaring back Tuesday. The Salt Lake City-based company's shares rose 51% in first-day trading as investors showed they will still significantly bid up initial public offerings, or IPOs, even after recent steep declines in many computer and Web stocks. Sonic's shares climbed $7.13 to $21.13, a day after the company sold 3.6 million shares at $14 each, raising $50.4 million. South San Francisco, Calif.
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