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SciQuest officials ring Nasdaq's bell

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SciQuest executives, including CEO Stephen Wiehe, center, rang the opening bell at the Nasdaq stock market in New York City's Times Square this morning.

The ceremony came as the Cary technology company and its investors raised millions more on Wall Street by selling 4.7 million additional shares.

SciQuest made its debut on the Nasdaq after an initial public offering of stock in September, the first IPO by a Triangle tech company in years.

This week's so-called secondary offering raised more money to expand its business, and increased the number of shares on the market. It also allowed the company's early investors to cash out some of their holdings.

SciQuest shares, which began trading last fall at $9.50, fell 22 cents to $14.30 today.

Read today's full report on the company's stock sale here.

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About the blogger

Assistant Business Editor Alan M. Wolf joined the N&O in 1999 covering the business of health care. He became an editor in 2001, and helps oversee the paper's daily business coverage and Sunday Work&Money section. He lives in Clayton with his wife and two children. Reach him at 919-829-4572 or e-mail him.