Data integration company Talend made its debut on the Nasdaq today, with shares of its stock closing at $25.50, after fluctuating between $24.26 and $28. That’s down from $27.66, the price at which the shares started trading this morning, under the symbol TLND.
Talend filed paperwork for its initial public offering (IPO) a month ago. Initially Talend sought to have its shares trade at $17, according to a regulatory filing, but ultimately the company priced its shares at $18, raising a total of $94.5 million, excluding underwriting discounts. So Talend is closing out its first day as a public company 41.6 percent up from the IPO price.
Talend started in 2005 and is headquartered in Redwood City, California. Investors include Bpifrance, Iris Capital, Silver Lake Sumeru, Balderton Capital, and Idinvest Partners. The software helps companies bring together data from lots of sources to enable more complex analysis. Competitors include Informatica, Tibco, IBM, Microsoft, Oracle, and SAP.