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After pricing its 7.8M-share IPO at $17, Fleetmatics (FLTX) opened at $22.95 and is currently...

After pricing its 7.8M-share IPO at $17, Fleetmatics (FLTX) opened at $22.95 and is currently moving at $22.47, up 32%. The company, a developer of cloud-based mobile software for tracking and managing commercial vehicle fleets, posted 1H revenue of $58.4M (+37% Y/Y) and a net loss of $366K. Competitors include U.K.-based Teletrac and commercial location tech giant Trimble (TRMB). (S-1)
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