Bright Horizons Rises Sharply in IPO

Bright Horizons Family Solutions (Nasdaq: BFAM) appears headed for a bright future, as its shares were up by nearly  30% following the company's IPO today.

The company, which provides child-care services, listed its stock at $22 on the New York Stock Exchange, several dollars above the expected $19-$21 range it specified in an SEC filing. The stock has since advanced to more than $28. Slightly over 10 million shares were issued in the IPO.

The sizable increase on IPO day was the second in as many weeks. Leisure company Norwegian Cruise Line Holdings jumped by a similar percentage following its debut on the Nasdaq.

The article Bright Horizons Rises Sharply in IPO originally appeared on Fool.com.

Fool contributor Eric Volkman and The Motley Fool have no position in any stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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