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Shares of Anaplan Inc.
PLAN, + 41.53%
skyrocketed to their public debut, they opened 43% above the price of the cloud company's initial public offering. The first transaction was $ 24.25 at 10:59 am ET for 2.4 million shares. stocks have traded in the range of $ 23.60 to $ 24.70 since. The IPO was $ 17 Thursday night, at the top of the range expected between $ 15 and $ 17, to give a value of about $ 2.1 billion to the company. Anaplan sold 15.5 million shares to raise $ 263.5 million. The company went public at a time when the Renaissance IPO ETF
Initial Public Offering, + 2.53%
has fallen 11.5% in the last three months and the S & P 500
SPX, + 1.26%
slipped 1.1%.
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