Surfing the tidal wave of investors interested in anything involved with the Internet, electronic commerce pioneer Cybercash Inc. launched an initial public offering of stock last week.

Reston, Va.-based Cybercash, which develops software and systems for securing payments over the Internet, on Thursday sold 2.4 million shares priced at $17 each, raising about $34 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.