Shutterstock Ends First Day of Trading Up Nearly 30%

Shutterstock, an online marketplace for stock photos, went public on Thursday and enjoyed a strong first day of trading.

The company filed for IPO at $17 a share and saw its stock rise more than 30% in trading before closing the day at $21.66, a gain of 27.4%. Shutterstock was expected to IPO for $13-$15 a share.

Shutterstock is one of only a couple Internet startups to go public following thefallout from Facebook's rocky IPO in May. Trulia, a real estate listings website, went public last month and is currently up more than 35% since its IPO. Both Trulia and Shutterstock were significantly smaller IPOs, raising $76.5 million and $102 million, respectively, compared to Facebook,…
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