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Anaplan's stock opens 43% above IPO price
Shares of Anaplan Inc. soared in their public debut, as they opened 43% above the cloud platform company's initial public offering price. The first trade was at $24.25 at 10:59 a.m. Eastern for 2.4 million shares. the stock has traded in a range of $23.60 to $24.70 since. The IPO priced late Thursday at $17, at the top of the expected range of $15 to $17, to value the company at about $2.1 billion. Anaplan sold 15.5 million shares to raise $263.5 million. The company went public at a time that the Renaissance IPO ETF has dropped 11.5% over the past three months and the S&P 500 has slipped 1.1%.
https://finance.yahoo.com/m/0a98441...0cb/anaplan's-stock-opens.html?.tsrc=rss
Shares of Anaplan Inc. soared in their public debut, as they opened 43% above the cloud platform company's initial public offering price. The first trade was at $24.25 at 10:59 a.m. Eastern for 2.4 million shares. the stock has traded in a range of $23.60 to $24.70 since. The IPO priced late Thursday at $17, at the top of the expected range of $15 to $17, to value the company at about $2.1 billion. Anaplan sold 15.5 million shares to raise $263.5 million. The company went public at a time that the Renaissance IPO ETF has dropped 11.5% over the past three months and the S&P 500 has slipped 1.1%.
https://finance.yahoo.com/m/0a98441...0cb/anaplan's-stock-opens.html?.tsrc=rss
