Infoblox (NYSE: BLOX) surged in its first day of trading Friday, climbing up 33% from its IPO price to close at $21.30. The company raised $120 million in its IPO, selling 7.5 million shares priced at $16. Infoblox offered 5.74 million shares, while selling stockholders offered 1.76 million. Sequoia Capital continues to be Infoblox's largest minority shareholder with a 25% stake.
Network Management Software
Santa Clara, CA
Developer of network infrastructure automation software