C3.ai jumps 120% in market debut
December 10, 2020- Share:
Enterprise software specialist C3.ai closed its first trading day on the NYSE up 120% over its IPO price. Led by former Oracle executive Tom Siebel and backed by TPG Growth and Baker Hughes, the company raised $651 million after its IPO priced at $42 per share, well above the expected range of $36 to $38. At Wednesday's closing stock price of $92.49, C3.ai was valued at $8.9 billion, based on the number of outstanding shares. It was privately valued at $3.3 billion in 2019, according to PitchBook data.
- Share:
-
-
-
-