Talend (NASDAQ: TLND), a provider of enterprise data-integration solutions, completed its public offering last week, becoming the latest of its ilk to enter the markets with a bang. Shares were priced at $18, above the announced range of $15 to $17, and the company raised a total of $94.5 million—roughly equal to the amount of private funding Talend had secured since its founding in 2005. Shares closed the first day of trading at $25.50, up 41.7% from the initial pricing.
This comes two months after Twilio, a provider of tools that allow developers to integrate telecommunications into apps, also found marked success with its IPO. Like Talend, Twilio priced its shares above the expected range (at $15) and then saw that price soar, closing its initial day up a whopping 92%. And the good news didn’t stop there; Twilio's stock has continued its upward trajectory and was trading at more than $40 per share on Friday.
With a couple successful tech IPOs in the books, eyes now turn to other enterprise software companies in the herd of private unicorns, such as Dropbox and Okta. Perhaps the warm reception Twilio and Talend received will provide enough incentive to finally take the plunge.