Rally Software Surges In IPO Debut

Boulder-based Rally Software saw a big bump in its IPO this morning, up more than 25% in morning trading after pricing higher than initial estimates. The firm was trading as high as $18.38 this morning, after pricing at $14.00 last night in its IPO. The firm had initially estimated a pricing range of $11.00 to $13.00 per share. Rally Software is a developer of Agile development software tools, used in the software development process.