Splunk Surges After Pricing Above Range in Web Data IPO
The stock, listed on the Nasdaq Stock Market under the symbol SPLK, climbed to $35.48 at the close in New York. The San Francisco-based company raised $229.5 million in its IPO, selling 13.5 million shares at $17 apiece, it said in a statement yesterday. Splunk’s market value of $1.57 billion at the time of the sale jumped to $3.28 billion.
This is a good answer to my question why Splunk filed for IPO. Plus it’s a solid sign that investors see the potential of the Big Data market.
Original title and link: Splunk Surges After Pricing Above Range in Web Data IPO (©myNoSQL)
