After pricing its 8M share IPO at $11.50, Eloqua (ELOQ) opened for trading at $11.80 and is...

|About: Eloqua (ELOQ)|By:, SA News Editor

After pricing its 8M share IPO at $11.50, Eloqua (ELOQ) opened for trading at $11.80 and is currently moving at $11.91, up 3.6%. That's a less impressive debut than that of some recent enterprise tech IPOs (I, II). As with E2open, worries about competition from SAP and Oracle may be weighing on the company, which provides cloud software for managing the performance of sales/marketing activities. Eloqua's market cap is currently $364M. (S-1) (previous)