NewsFeeder
Headline News
- Reaction score
- 3
Elastic stock soars in public debut, at one point doubling the IPO price
Shares of Elastic N.V. soared in their public debut, at one point trading at double the $36 initial public offering price. The first trade was at $70.00 at 11:36 a.m. ET for 1.25 million shares, or 94% above the IPO price, which was above the expected range of $33 to $35. The stock hit an intraday high of $72 soon after the open, and was last up 98%. The Netherlands-based big data search company raised $252 million in the IPO, with the pricing valuing the company at about $2.5 billion. The stock has gone public at a time that the Renaissance IPO ETF has lost 4.9% over the past three months while the S&P 500 has gained 5.3%.
https://finance.yahoo.com/m/82cc726.../elastic-stock-soars-in-public.html?.tsrc=rss
Shares of Elastic N.V. soared in their public debut, at one point trading at double the $36 initial public offering price. The first trade was at $70.00 at 11:36 a.m. ET for 1.25 million shares, or 94% above the IPO price, which was above the expected range of $33 to $35. The stock hit an intraday high of $72 soon after the open, and was last up 98%. The Netherlands-based big data search company raised $252 million in the IPO, with the pricing valuing the company at about $2.5 billion. The stock has gone public at a time that the Renaissance IPO ETF has lost 4.9% over the past three months while the S&P 500 has gained 5.3%.
https://finance.yahoo.com/m/82cc726.../elastic-stock-soars-in-public.html?.tsrc=rss
