Online company, theglobe.com, sets Wall Street record

- Online community company theglobe.com's initial public offering has set a new record after its shares increased seven fold in value on its first day of trading on Wall Street.

- Online community company theglobe.com's initial public offering has set a new record after its shares increased seven fold in value on its first day of trading on Wall Street.

Stock which had originally been priced at $9 soared to $87, at one stage hitting a high of $97, before closing at $63.50.

Theglobe.com is the most successful in a recent spate of web companies to float in the US. This latest beat the previous internet IPO record holder, Broadcast.com, which opened at $18 and closed at $62.75.

Another, EarthWeb, tripled its offering price of $14 last Wednesday. Another online auction company, e-bay, hit $140 six weeks after floating at $18.

Theglobe.com's flotation comes less than a month after the company delayed an IPO because of poor market conditions.





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1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).