Investors Warm to Pivotal Software on Day 2 of IPO
Company closed at $15.73 per share on Day 1 and $17.26 on Day 2.
On Friday, Pivotal Software (NYSE: PVTL) debuted on the New York Stock Exchange at $15 a share, raising $555 million in its first day, reports MarketWatch. At the end of Day 1, Pivotal stock was valued at $15.73 per share. Despite the lackluster reception on Friday, investors warmed to Pivotal on Day 2, closing at $17.26 per share as of 7:22 p.m. EDT yesterday. Other tech companies who have filed IPOs this spring are Dropbox, Spotify and Zuora.
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