Markets

Technology Sector Update for 04/08/2015: WOWO, DWRE

Top Technology Stocks:

MSFT: +0.10%

AAPL: -0.26%

IBM: -0.10%

CSCO: -0.32%

GOOG: +0.55%

Technology shares were positioned higher in Wednesday's pre-market trading .

In technology stocks news, WoWo ( WOWO ), an e-commerce platform serving consumers in China, has priced its initial public offering of 4 million American depositary shares, each representing 18 ordinary shares of the company, at $10 per ADS.

The company has granted the underwriters a 30-day option to purchase up to an additional 600,000 ADSs. Proceeds of the offering are expected to be $40 million. The ADSs are expected to begin trading on the NASDAQ Global Market today.

And, coverage of Demandware Inc. ( DWRE ), which provides enterprise-class cloud-based digital commerce solutions, has been initiated by analysts at FBR Capital Markets with an outperform rating and a $70 price target.

DWRE was steady at $61.78, moving within a 52-week trading range of $44.39 - $71.61.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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