June 21, 2018 / 3:28 PM / a year ago

BUZZ-Avalara a big winner after Supreme Court sales tax ruling

** Avalara shares leap >30 pct after U.S. Supreme Court ruling gives states broad authority to force online retailers to collect potentially billions of dollars worth of sales taxes

** Top court sides with South Dakota, which was backed by President Trump in the case, in high-profile fight with e-commerce cos

** Avalara, provider of sales tax cloud software, soars as high as $59.39 in just its 5th day of trading

** Co’s stock popped in its debut last week after pricing its IPO at $24/sh

** Meanwhile, Amazon.com, Wayfair, Overstock.com, Etsy, eBay and Shopify take hits on the news

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