Last updated: October 25. 2013 11:37AM - 481 Views
Associated Press



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(AP) Shares of Endurance International are falling in their trading debut.


The technology company's stock dropped 75 cents, or 6.3 percent, to $11.25 in midday trading Friday.


The initial public offering of approximately 21.1 million shares priced at $12 each.


The IPO's size was smaller than the approximately 23.4 million shares Endurance previously said it expected. And the offering priced below its anticipated price range of $14 to $16 per share.


Endurance International Group Holdings Inc., which provides cloud-based solutions for small- and medium-sized businesses, raised about $253.2 million from the offering. It is based in Burlington, Mass.


The company is giving the underwriters a 30-day option to buy up to an additional 3.2 million shares.


The stock is trading on the Nasdaq under the "EIGI" ticker symbol.


Associated Press
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