The shares were offered at $39 to $41 each, a range that had been elevated earlier from $33 to $37.

Rings the Nasdaq Stock Market Opening Bell in Celebration of its IPO, Codiak BioSciences, Inc.

About JFrog: JFrog provides complete Devops platform to its users.

The stock surged about 111 percent in its market debut. Everything you need to know about the JFrog IPO including Offer Price, Filed Date, IPO Date, Offer Shares, Dealsize and Underwriters. The company will likely raise about $510 million in an IPO that exceeded its expectations.

Nearly one month after the Initial Public Offering (IPO) of JFrog (Nasdaq: FROG), Oppenheimer has begun covering the Israeli software management platform company with an "Outperform" recommendation and a price target of $90 per share, 21.6% above its current price and more than double its IPO price.
JFrog has been free cash flow positive for five years. The online discount broker allows customers to place limit orders to buy pre-IPO shares. Morgan Stanley, J.P. Morgan and BofA Securities acted as lead managers on the deal. That would be an enormous cash boost for a company that has raised $227 million from investors over 12 years.

The company plans to offer as many as 9.73 million shares for $39 to $41 per share.

“We thought that this is the right timing to go public.”. JFrog’s sales rose 50.2 percent year-over-year to $69.3 million in the first six months of 2020, while the company cut its net losses to $426,000.

JFrog had revenue of $69.3 million for the first six months of 2020, representing a year over year increase of 50%. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. After posting a net loss of $5.4 million in fiscal 2019, JFrog reported a net loss of only $0.4 million in the first six months of fiscal 2020, compared to $2.1 million in the prior year’s six month period.

© 2020 Benzinga.com.

As of June 30, the company’s 10 largest customers accounted for 8% of revenue and no company represented more than 2% of the company’s revenue. It’s going to be a jam. Unity Software Raises IPO Stock Price After Explosive Snowflake and JFrog Debuts The video game engine specialist is raising the midrange of its share price by more than 21%. Tech tools developer JFrog leaps 62% after raising $509 million in upsized IPO https://t.co/4FZwCnTOSy.

The stock opened at $71.27 — up 62 percent from its IPO price.

JFrog’s IPO filing also reveals the company’s revenue jumped 64.8 percent year-over-year to $104.7 million in 2019. At the top end of the stock price range, the IPO could raise about $399 million, valuing the company at $3.7 billion.

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Unity Software, Sumo Logic, and Asana are also planning to go public. The company previously increased its previous pricing range of $33 to $37.

Eighty-five percent of the company’s revenue comes through multi-product subscriptions. Rings the Nasdaq Stock Market Closing Bell in Celebration of its IPO, Kymera Therapeutics Rings the Nasdaq Stock Market Opening Bell in Celebration of its IPO, Kronos Bio, Inc.
Shlomi Ben Haim, co-founder and CEO of JFrog, center, during the IPO on Sept. 16.

JFrog, a California-based software and cloud company, was incorporated in 2008. Bring your questions! The company priced its IPO at $44 per share, raising approximately $509 million at a market capitalization of nearly $4 billion. However, that’s down about 15% from its post-IPO high of more than $86 per share. JPMorgan Chase, BofA Securities, and Morgan Stanley are the lead underwriters for the offering.

JFrog is planning to list its stock on the Nasdaq under the ticker symbol "FROG." Our platform is the critical bridge between software development and deployment of that software, paving the way for the modern DevOps paradigm,” the filing states.

In a regulatory filing on Monday, JFrog raised its IPO stock price range to $39–$41 from $33–$37. Growth Plans: IDC reports the Devops tools market will be worth $18 billion by 2024. The Race to Hydrogen Goes Beyond Brexit With Italy-U.K. Deal. I would like to receive Nasdaq communications related to Products, Industry News and Events.You can always change your preferences or unsubscribe and your contact information is covered by our Privacy Policy. “The need for software leases and software deployment is just getting higher and has crystallize and amplified by Covid,” JFrog Chief Executive Officer Ben Haim said in an interview on Wednesday. After raising their IPO price ranges, both JFrog and Snowflake priced above their refreshed intervals last night.

Cloud software company Snowflake started trading on the NYSE on Sept. 16. JFrog’s last private funding round was in October 2018, when it raised $165 million at a post-money valuation of $1.2 billion. However, the company reported a $5.4 million net loss in 2019, which fell from a $26.0 million net loss in 2018.

JFrog Ltd (NASDAQ: FROG) went public on Sept. 16 at an IPO price of $44 but closed its first day at $67.99, up 54.5%.Now FROG stock is priced at more than $85, or 94% better than its IPO price.

A pricing at the midpoint of $40 would value JFrog at $3.5 billion. Initially, the company priced the shares between $33 and $37.


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