Demandware IPO Surges Over 50%

Investors can't seem to get enough of cloud deals

   

Last night, cloud operator Demandware (NYSE:DWRE) issued 5.5 million shares at $16 in its IPO. So far in today’s trading, the stock is at $24.50.

There seems to be no end to investors’ appetite for cloud deals. Other recent IPOs — Jive (NASDAQ:JIVE), Bazaarvoice (NASDAQ:BV) and Brightcove (NYSE:BCOV) — have also  performed strongly.