Following Snowflake, Sumo Logic Stock Starts Trading on the Nasdaq Today
Sumo Logic (NASDAQ: SUMO), which is riding a strong wave of tech initial public offerings (IPOs) in the wake of Snowflake's splashy arrival, is slated to make its stock market debut on Thursday. This follows the company's IPO, which was priced at $22 per share. Encouragingly for the company's current and future shareholders, this was above the originally anticipated price range of $17 to $21.
Sumo Logic is a developer of real-time data analytics software. It describes its foundational Continuous Intelligence Platform as "a new category of software" that "enables organizations to automate the collection, ingestion, and analysis of application, infrastructure, security, and IoT data to derive actionable insights within seconds."
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Source Fool.com
