Blackboard Begins Selling Stock to the Public; Share Price Jumps

By DAN CARNEVALE

Blackboard Inc. began selling shares of stock to the public on Friday, with an initial offering of $14 per share. By the end of the day, the price had risen to $20.01, greatly surpassing expectations for an education-technology stock.

The company, which provides course-management software and services to many...

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