PagerDuty prices IPO above the upwardly revised range at $24

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PagerDuty, which provides a SaaS platform that monitors and alerts businesses of IT issues, raised $218 million by offering 9.1 million shares (6% insider) at $24, above the upwardly-revised range of $21 to $23. The company had originally proposed a range of $19 to $21.

PagerDuty plans to list on the NYSE under the symbol PD. Morgan Stanley, J.P. Morgan, RBC Capital Markets and Allen & Company acted as lead managers on the deal.

The article PagerDuty prices IPO above the upwardly revised range at $24 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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