>From http://www.msnbc.com/news/281551.asp?cp1=1
>
>"March 2 — 3Com Corp. cashed in Thursday on the popularity of its Palm unit, maker of handheld electronic organizers, with a wildly successful initial public offering of shares in the subsidiary. Palm’s stock was expected to soar even after being priced at a lofty $38 a share and consisting of 23 million shares, raising $874 million. It definitely has met expectations, spiking up to $160 a share on debut. The stock then traded downward, closing at $95.06 — still far above the IPO price."

Just a followup on this. The shares of Palm fell below the IPO price.
http://news.cnet.com/news/0-1006-200-1635423.html