Gartner Research

webMethods Goes Public With a Splash

Published: 16 February 2000

ID: G00191783

Analyst(s): Kimberly Knickle


webMethods made its initial public offering February 11 of 4.1 million shares of common stock starting at $35 per share on the NASDAQ as WEBM. By day end, the stock closed just over $212. webMethods brought in $147.6M and established its market cap as $6.57B on its first day, a dramatic debut. But you shouldn't be surprised; webMethods' stock performance is an affirmation of Business Community Integration (BCI) and the E-Business Infrastructure market, combined with standards such as XML. webMethods is a provider of BCI products, based on an XML server. During the past 18 months, webMethods has gone from a relative unknown to one of the most frequently mentioned software companies, and it's riding the XML wave to the top.

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