Brightcove IPOs, stock closes up 30%

Brightcove’s stock fared well on its IPO day, with shares trading at $14.30, which is 30 percent above the issue price of $11. Brightcove raised a total of $55 million with its IPO, issuing a total of 5 million shares.

Brightcove’s IPO: What you need to know

Brightcove just reiterated its desire to go public with an amended SEC filing. The company could raise as much as $59 million as it sells 5 million shares, but its filing also reveals that making money with online video is really, really hard.