Coupa Software shares more than double in market debut



Shares of Coupa Software Inc (COUP.O), a U.S. maker of cloud-based software that helps companies manage spending, more than doubled in their debut on Thursday, underscoring strong market appetite for IPOs by tech companies - even unprofitable ones.
Coupa's stock rose to a high of $39.50 in early trading on the Nasdaq, valuing the company at $1.9 billion.
The offering of 7.4 million shares was priced at the top end of the expected range of $16-$18, raising about $133 million for the San Mateo, California-based company.
Coupa's successful launch comes less than a week after shares of data... read more

 
6 October 2016 in Science &Technology, Views: 36
Source: Reuters
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31