Continuing a string of hot internet-related stock sales, shares in NextCard Inc were well received on Wall Street Friday following the company’s initial public offering of 6 million shares at $20 each. The issue closed the day at $33.50, a 67.5% gain, after trading as high as $40.75. The New York-based company offers credit cards exclusively over the web and claims to have been the first to offer an online credit approval system for a Visa card. The shares are trading on the Nasdaq market under the ticker symbol NXCD. The offering was made through an underwriting group managed by Donaldson, Lufkin & Jenrette, Thomas Weisel Partners, US Bancorp Piper Jaffray and DLJ direct.
