![]() "I think there's an excitement that surrounds the whole Internet component, even though it's still not the bulk of what they do," said Ben Holmes, founder of, an online research firm. The company combines a strong balance sheet, among the best profit margins in the trucking industry and a lion's share of the growing business of delivery goods purchased by consumers online, making it an attractive Internet play as well. That is still up 17-1/4 or 35 percent from the IPO price and 164 percent from the price of the stock Tuesday when it was privately traded. The stock continued to climb, reaching a high of 70-5/16 at 11:35 a.m. The Atlanta parcel-delivery giant priced the IPO at $50 a share late Tuesday, above the recently raised $47 to $49 range set only Friday. The stock closed its first day with a 35 percent gain. NEW YORK (CNNfn) - United Parcel Service burst out the gate rapidly Wednesday, as the scramble for the stock by investors large and small sent it up 30 percent at the opening of trade. ![]() Stock opens at 30 percent premium to IPO that raised record $5.5B ![]()
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