Update 7:19 a.m. PT: We’ve adjusted the opening stock price from $14.05 to $14.00, according to Yahoo Finance data.
Workiva, creator of data analysis and reporting tools for businesses, has begun trading on the New York Stock Exchange at $14 a share, matching the original figure the company set last night.
Now listed under the symbol “WK,” the six-year-old company joins this week’s tech IPO parade, as Lending Club, Hortonworks, and New Relic race to go public before the year ends.
As we detailed yesterday, Iowa-based Workiva “provides cloud-based software for creating and collaborating on various types of business reports. Workiva was previously known as WebFilings but changed its name this past July in order to be more representative of its products, which have grown to cover more than just business SEC filings.”
Although more eyes are on New Relic today, Workiva’s performance matters; how investors react to this week’s IPO rush will set the stage for who goes public, and when, next year.
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