athenahealth IPO Raises $113 Million; Shares Soar - Watertown, MA

Shares in athenahealth, a Watertown-based provider of online business services for physician practices, surged about 85% on Thursday, the company's first day of trading as a public company after pricing its initial public offering of stock to raise about $113 million. Athenahealth offers a subscription service that provides a range of business services over the Internet, including billing and collections. The company priced its IPO shares at $18. As of mid-afternoon on Thursday, shares in athenahealth were trading at $33.40.

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