|Bid||39.14 x 1000|
|Ask||39.15 x 800|
|Day's Range||38.11 - 40.40|
|52 Week Range||36.00 - 41.95|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Another enterprise software company files for an IPO, coming on the heels for PagerDuty’s successful offering last week.
Pinterest’s long-awaited IPO soared 20 percent on its first trade Thursday, but it paled in comparison to the day's other debut, Zoom Video Communications, which surged a whopping 80.5 percent. But even though the two Bay Area-based tech unicorns had such a wide gap in opening gains, Pinterest’s pop is considered respectable and within the expected range.
The social media unicorn set its IPO price at $19 per share on Wednesday, higher than its original pricing range of $15 to $17 per share.
The 20-year-old San Mateo company joins a growing number of tech offerings planned by Bay Area companies in what has been a relatively slow start for such offerings.
The IPO could value the San Jose company at more than $9 billion if it hits the top of its new targets, far more than the $1 billion valuation it got from private investors in its last funding round in 2017.
PagerDuty, Inc. , a global leader in digital operations management, today announced the closing of its initial public offering of 10,430,500 shares of its common stock at a public offering price of $24.00 per share, which includes the full exercise of the underwriters’ option to purchase 1,360,500 additional shares.
PagerDuty Inc. shares rally strong on their first day of trading Thursday, skyrocketing nearly 60% after the cloud-based digital management platform priced its initial public offering above an already elevated range, but the CEO believes there is much more room to run.
Two initial public offerings started trading Thursday, with Tufin Software Technologies and PagerDuty charging out of the gate with double-digit gains. Jumia Technologies delayed its IPO.
The PagerDuty IPO is underway and it already has PD stock soaring.Source: Shutterstock Here are a few things for investors to know about the PagerDuty IPO and the company. * The company's stock is now trading on the New York Stock Exchange under the stock ticker "PD". * PagerDuty (NYSE:PD) was initially pricing its shares at $24 each. * This would have given the company a market capitalization of $1.80 billion. * However, the stock quickly took off and was instead sold at around $38 per share. * This gives the company a total market capitalization of $2.70 billion. * It's also worth noting that this is the first major software IPO for 2019. * However, this doesn't make it the first "Unicorn" IPO for 2019, but the third. * A Unicorn IPO is when a company with a valuation of $1 billion or more goes public. * The software that PagerDuty offers is for software developers. * This software helps the coders identify potential issues before they become a major problem. * Some of its customers already include Netflix (NASDAQ:NFLX), Slack, which reportedly has its own IPO plans, and Gap (NYSE:GPS). * These are only a few of the 11,000 customers that PagerDuty offers its software to. * The company was founded back in 2009 by three previous employees of Amazon (NASDAQ:AMZN). * 7 AI Stocks to Watch with Strong Long-Term Narratives You can follow these links to learn more about the PagerDuty IPO.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPD stock was up 59% as of Thursday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * FAANNG Stocks, Ranked From Cheapest to Most Expensive * 7 Stocks With a Lot on the Line This Earnings Season * 7 Marijuana Companies: Which Pot Stocks Should You Buy? As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post PagerDuty IPO: 13 Things for Investors to Know appeared first on InvestorPlace.
is the latest unicorn to go public, debuting on the New York Stock Exchange at $24 per share on Thursday before jumping 60% to $38.60 in trading. The company is a cloud-based platform that allows greater interaction between businesses and their software developers and operators using real-time data to help address issues. "Technology infrastructure has expanded to include all software-enabled systems and devices, all generating billions of digital signals in the form of machine data, and all containing information that could impact the customer experience," PagerDuty said in its filing.
PagerDuty Inc.'s stock shot higher out of the gate Thursday, as the first trade was at 35% above its initial-public-offering price. The San Francisco-based cloud computing company's IPO priced late Wednesday at $24, above the expected range that was recently raised to $21 to $23. The first trade on the NYSE was at $36.75 at 11:37 a.m. Eastern for 1.9 million shares. It has since extended gains to trade up 56% at $37.40. The company offered 8.5 million shares to raise $204 million, with the company valued at about $1.8 billion at the IPO price. The company has gone public at a time the Renaissance IPO ETF has run up 33% year to date and the S&P 500 has climbed 15%.
Our call of the day, from Hussein Sayed, chief market strategist at FXTM, says it’s time for investors to start holding Wall Street responsible for further stock market gains and stop looking to central banks for a rescue.
PagerDuty Inc. prices its initial public offering at $24 a share, adding to the stampede of IPOs from tech startups expected this year. The stock is expected to begin trading Thursday.
PagerDuty Inc. priced shares in its initial public offering at $24 late Wednesday, higher than an already elevated range. The San Francisco-based cloud computing company raised its expected pricing to a range of $21 to $23 a share on Tuesday, up from an initial estimate of $19 to $21 a share. Should the 10.4 million shares on hand, including the nearly 1.4 million to cover overallotments, be sold at the IPO price, the company could potentially raise up to $249.6 million, giving the company a valuation of about $1.8 billion. Shares are expected to begin trading Thursday morning on the New York Stock Exchange under the ticker symbol PD.
SAN FRANCISCO , April 10, 2019 /PRNewswire/ -- PagerDuty, Inc. (NYSE: PD), a global leader in digital operations management, today announced the pricing of its initial public offering of 9,070,000 shares ...
One company is seeking to capitalize on the technological transformation disrupting global businesses across sectors. It wants you to capitalize, too. The Offering On Thursday, PagerDuty, Inc. will issue ...
The Zoom Video IPO comes as the market for public offerings accelerates, fueled by the Lyft IPO, to be followed by Jumia Technologies, PagerDuty and Tufin Software Technologies this week.
For a more comprehensive IPO calendar, check out the offering in Benzinga Cloud . The IPO dates below are expected but not confirmed. Jumia Technologies AG (JMIA) will issue 13.5 million shares between ...