Boise Cascade Shares Soar Wednesday, February 6, 4:18 PM ET
Shares of Boise Cascade (NYSE:BCH) rose by more than 24 percent in their first day of trading, indicating a thaw in the IPO market. The strong demand for shares in the wood and building product maker may also be an indication that the housing market may be recovering as the unemployment rate drops and interest rates remain low.
Office supply chain OfficeMax (NYSE:OMX) owns about 20 percent of the company.
The successful offering follows that of Zoetis (NYSE:ZTS), Pfizer's animal health business, whose shares surged in its debut on Friday after its IPO of 86.1 million shares, raising $2.2 billion.
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