Zoom- and Salesforce-Backed monday.com Jumps on Its IPO

Workplace-management software company monday.com (NASDAQ: MNDY) kicked off its initial public offering (IPO) in style on Thursday. It initially targeted a price between $125 and $140 per share, but as a result of strong investor demand, management eventually priced the offering at $155, above the high end of its previously announced range. Even that wasn't enough.

Shares began trading at 12:25 p.m. EDT today, opening at $173.15, 12% above its offering price. The stock jumped as high as $182 before relinquishing some of its gains. It closed the day at almost $179.  

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Source Fool.com