Are you ready to bring more awareness to your brand? Consider becoming a sponsor for The AI Impact Tour. Learn more about the opportunities here.
MuleSoft, the second major tech IPO of the year following Snap, finished the day at about $24.75 per share and worth more than $3 billion.
The enterprise software company landed on the New York Stock Exchange this morning under the glorious stock symbol “MULE.” It had priced its stock at $17 per share last night, raising $221 million at a $2.14 billion valuation.
MuleSoft lacks the celebrity of Snapchat, but the company works with big-name clients like Coca-Cola, AT&T, and Target to help connect data from cloud applications like Salesforce to HipChat and Workday. If MuleSoft maintains the momentum it saw today, that could lead other enterprise software companies, like Cloudera and Okta, to go public more quickly.
MuleSoft was up 45 percent from its IPO price by the end of the day — an ever-so-slightly bigger gain than Snap, which closed up 44 percent on day one.
The AI Impact Tour
Connect with the enterprise AI community at VentureBeat’s AI Impact Tour coming to a city near you!
Correction 1:22 p.m. PT: MuleSoft closed at $24.75, not $23.80.
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.