Notice: Undefined variable: output in /var/www/wp-content/plugins/wordpress-plugin-for-simple-google-adsense-insertion/WP-Simple-Adsense-Insertion.php on line 72
(NEW YORK)—The tech IPO market continues to show strength with successful launch with initial listings last week of both Smartsheet, and DocuSign.
Both stocks popped following the opening bell, with Smartsheet (NASDAQ:SMAR) opening at $18.40, up 22% from its IPO price of $15, while DocuSign (NASDAQ:DOCU) priced opened around $38 after being priced at $29, for more than 30% jump.
DocuSign raised $629 million, with $470 million going to the company and the rest collected by investors and insiders.
SmartSheet raised roughly $139 million in their offering, with lead underwriters being Morgan Stanley, J.P. Morgan, Jefferies and RBC Capital Markets.
Register for IPO Updates
To receive updates on new and exciting IPO listings coming to market please register to our free IPO investor mailing list at https://wallstreetnewscast.com/investors/
This is NOT a solicitation to Buy or Sell any security, but rather is for informational purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Wall Street Newscast (“WSNC”) does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. WSNC, its affiliates, or directors, may or may not hold a position in the above security from time to time, and investors are encourage to consider this as a possible conflict of interest when reviewing this information. In Compliance with SEC Rule 17B Wall Street Newscast was not compensated for this media alert. WSNC, or its affiliates, may hold a position in above securities from time to time, and thus should be considered a possible conflict of interest when reviewing this report and information. These investments may involve a high degree of risk, thus investors are highly encouraged to consult with a financial advisor before any and all investments.