Check out all the on-demand sessions from the Intelligent Security Summit here.
Cloud spend management company Coupa today saw its stock debut on the Nasdaq Global Market, and the stock closed at $33.28, up 84 percent from the $18 price at which it sold 7.4 million shares to raise $133.2 million in its initial public offering (IPO). The opening price of $35 was up 94 percent from the IPO price.
The closing price is down 4 percent from today’s opening price. During trading hours the stock price fluctuated between $31 and $41.
The lead underwriters in the deal were Morgan Stanley, J.P. Morgan, Barclays, and RBC Capital Markets. Coupa first filed paperwork to start the process of its IPO a month ago.
Intelligent Security Summit On-Demand
Learn the critical role of AI & ML in cybersecurity and industry specific case studies. Watch on-demand sessions today.
Founded in 2006 by Oracle executives Noah Eisner and Dave Stephens, Coupa offers cloud services for managing invoices, expenses, inventory, and procurement. The company is based in San Mateo, California.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings.