Discussion:
Shares of online retailer Cafepress Inc jumped as much as 17 percent on their market debut as investors continued to bet on the e-commerce sector. Companies that sell online have seen revenues soar as more and more people turn to the Internet for shopping. People spent a record $37.2 billion buying goods online during the last holiday season, according to online data firm comScore, a number slated to rise. Internet retail giants Amazon and eBay continue their rapid growth, even as their brick-and-mortar competitors try to bolster their online presence. Cafepress, backed by venture firm Sequoia Capital, had sold 4.5 million shares in its initial public offering at $19 each, above its expected price of between $16 and $18 apiece. At the IPO price, the company, founded in 1999, had a market value of about $322.6 million.
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UPDATE 2-Online retailer Cafepress soars on market debut
http://af.reuters.com/article/metalsNews/idAFL3E8ET6ZR20120329