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Netflix IPO gains on Nasdaq

NEW YORK (CNN/Money) - Netflix Inc., a provider of online DVD rentals, turned in a winning first day, gaining nearly 12 percent while Thursday's two other initial public offerings, Altiris Inc. and EON Labs Inc., did not fair as well.

Shares of Netflix (NFLX: Research, Estimates) closed at $16.75, adding $1.75 to its $15 IPO price.

The weak performance follows the sputtering debut by Liquidmetal Technologies on Wednesday. Liquidmetal (LQMT: Research, Estimates) eked out a gain Wednesday, adding only 3 cents to close at $15.03. But on Thursday, the metal alloy maker did break when it fell to $14.90, 10 cents below its $15 IPO price.

No late fees

Netflix raised $82.5 million late Wednesday after...


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