Once again, the 30-year Treasury rose as investors were increasingly opting for a safer place to put their money. The day's other Internet IPOs were mixed. The company, which competes with E-Stamp and Pitney Bowes, is developing a system that will allow customers to print postage using personal computers.
Persistence specializes in e-commerce solutions for large companies.
Juno shares have been on a tear amid speculation that the company is a takeover target. The company's shares went on an upswing Thursday after officials confirmed the ISP was in talks with unspecified parties over possible business combinations. The company, which offers initial public offerings to individual investors online, has climbed more than 70 percent over the past five days. The firm said the possible sale of AltaVista could hurt DoubleClick. CMGI Inc. Analysts say if a deal goes through, DoubleClick will likely switch to CMGI-controlled Adsmart and Engage for ad services.