Shutterstock shares pop after $76.5 million IPO
Shares of Shutterstock are up 30 percent Thursday after the Internet provider of stock photos and videos raised $76.5 million in its initial public stock offering.
The New York company sold 4.5 million shares for $17 each, above the expected range of $13 to $15. That had suggested there was already strong demand for its stock.
Trading on the New York Stock Exchange under the "SSTK" ticker symbol, shares are up $5.12 to $22.14.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)