HubSpot is having a hell of day. After raising its IPO price range, the company pulled the trigger above that level, selling its shares for $25 each. That’s a far cry from the original low-end of its first proposed price range of $19.
The markets welcomed the company’s offering, pushing its shares up more than 20 percent at the time of writing. Yahoo Finance lists Hubspot’s market capitalization at just over $900 million. The company raised $125 million in its flotation.
The HubSpot IPO is an important for the larger technology market, as it sets the tone for future offerings: The IPO window is open for companies that lose money, but demonstrate quickly expanding revenue. This is not news, per se, but it does point to a continuation of past trends that are still in apparent effect.
HubSpot had a slim cash load before its offering…
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