Domo stock gains after IPO
Shares of Domo Inc. are up 11% in initial trading, after the cloud company went public on the Nasdaq. The controversial company priced its initial public offering Thursday near the top of its expected range, raising about $193 million. The first trade Friday was executed at $23.80 at 10:54 a.m. for 867,423 shares. Domo’s IPO comes as the Renaissance IPO ETF has gained 4.4% over the past three months, while the S&P 500 has gained 3.6% in that time.
Source : MTV
