Embarcadero Technologies, Inc. (Nasdaq: EMBT) rose 6 to 16 Thursday, the stock’s first day of trading. The company was one of the few to come to market in recent weeks, as new technology issues have taken a pounding.
The company’s 4.2 million initial common shares were offered at $10 apiece, below an originally planned range of $11 to $13.
The San Francisco, California-based Embarcadero makes e-business and database software. Its customers include AT&T, Hewlett-Packard and America Online.