PagerDuty IPO: 13 Things for Investors to Know

The PagerDuty IPO is underway and it already has PD stock soaring.

PagerDuty IPO: 13 Things for Investors to Know

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Here are a few things for investors to know about the PagerDuty IPO and the company.

  • The company’s stock is now trading on the New York Stock Exchange under the stock ticker “PD”.
  • PagerDuty (NYSE:PD) was initially pricing its shares at $24 each.
  • This would have given the company a market capitalization of $1.80 billion.
  • However, the stock quickly took off and was instead sold at around $38 per share.
  • This gives the company a total market capitalization of $2.70 billion.
  • It’s also worth noting that this is the first major software IPO for 2019.
  • However, this doesn’t make it the first “Unicorn” IPO for 2019, but the third.
  • A Unicorn IPO is when a company with a valuation of $1 billion or more goes public.
  • The software that PagerDuty offers is for software developers.
  • This software helps the coders identify potential issues before they become a major problem.
  • Some of its customers already include Netflix (NASDAQ:NFLX), Slack, which reportedly has its own IPO plans, and Gap (NYSE:GPS).
  • These are only a few of the 11,000 customers that PagerDuty offers its software to.
  • The company was founded back in 2009 by three previous employees of Amazon (NASDAQ:AMZN).

You can follow these links to learn more about the PagerDuty IPO.

PD stock was up 59% as of Thursday afternoon.

As of this writing, William White did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

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