Smartflex Systems Inc.: The Tustin company’s stock...

Smartflex Systems Inc.: The Tustin company’s stock rose 29% in the first day of trading. An initial offering of 2.8 million common shares, priced at $12 per share, closed at $15.50, up $3.50. Smartflex makes computer components. Proceeds from the offering are expected to be used for capital expenditures, repayment of debt, working capital and other general purposes.