American retail chains Dollar General and rue21 recorded strong rise on their first trading day, post the IPO, on Friday. On the NY Stock Exchange, Dollar General surged 8.2% to a high price of $22.73, while rue21 climbed 27.9% to a per share price of $24.30 on Nasdaq. This has been the fourth-strongest Exchange debut by a US listed IPO for the current year.

At the time of the offerings, Dollar General managed to generate more funds compared to rue21. The former raised $716 Million as opposed to the latter's $129 Million, but it now seems to be clear that investors were more interested in rue21 shares which surged at a remarkable rate.

For the IPO, Dollar General, which is owned by private equity firm KKR, pegged it’s per share price at a below expectations $21 and put 10% of it up for sale. Post the offering, KKR now owns 89.5% stake in the retailer which was purchased by the firm in July 2007 for $7.3 Billion.

rue21, on the other hand, put 28% of its stake for sale, which accounted for the company's 6.77 Million shares, and priced each share at $19.

Post the success seen by the two retailers on their debut trading day, it seems that many worries of investors and companies looking to release IPOs will be put to rest.