Amber Road up strongly following IPO

|About: Amber Road, Inc. (AMBR)|By:, SA News Editor

It's not the bull market's most spectacular tech IPO, but buyers probably aren't complaining. After pricing its 7.39M-share offering at $13 (above its expected range), Amber Road (AMBR) opened at $17.50 and is currently at $16.41, up 26.2%.

The cloud trade management software provider has a market cap of $408M, or 7.8x 2013 sales.

Prospectus, IPO preview