Michael Kors Stock Opens Higher on First Trading Day

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The fashion company founded by the "Project Runway" judge went public ahead of social gaming firm Zynga.

NEW YORK - Shares of Michael Kors Holdings, the clothing company named after its founder who is known as a Project Runway judge, opened with a pop in their stock market debut on Thursday.

After pricing at $20 late Wednesday, the stock opened its first trading session at $25. As of 10am ET, the stock was down slightly from that level at $24.92. The stock is trading on the New York Stock Exchange under ticker symbol KORS.

Later on Thursday, social gaming firm Zynga is expected to price its IPO ahead of its market debut on Friday.

Meanwhile, Bloomberg News reported Thursday that Glam Media, which helps advertisers target women online, may join the recent IPO parade by going public by the end of the second quarter.

Social networking giant Facebook is also expected to go public in 2012.

Email: Georg.Szalai@thr.com

Twitter: @georgszalai

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