July 20, 2000 |
A hot "dot-com" stock? Say what? Support.com Inc. (SPRT) shares more than doubled Wednesday after the provider of technical-support software for the Net raised $59.5 million in its initial public offering. The stock surged $18.63 to $32.63 on Nasdaq. The firm sold 4.25 million shares at $14, above its indicated range of $11 to $13. Despite the market's general suspicion of anything dot-com these days, Redwood City, Calif.-based Support.