SPS Commerce up 13% in market debut Shares of SPS Commerce Inc. climbed 13 percent Thursday on their first day of trading on the Nasdaq Stock Market. The Minneapolis provider of supply-chain software priced its initial public offering Wednesday night within its expected range, raising $49.1 million by selling 4.1 million shares for $12 apiece. On Thursday, SPS Commerce shares closed up $1.60 at $13.60.
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Elon Musk and Vivek Ramaswamy propose cutting $2 trillion in spending from the federal budget. Here’s how to understand some really big numbers.
