Rubber meets the road: Elastic prices IPO at $36, above the range

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Elastic, which provides open-source data search and visualization software, raised $252 million by offering 7 million shares at $36, above the upwardly-revised range of $33 to $35. Elastic plans to list on the NYSE under the symbol ESTC. Goldman Sachs, J.P. Morgan, Barclays, RBC Capital Markets, BofA Merrill Lynch, Citi and Jefferies acted as lead managers on the deal.

The article Rubber meets the road: Elastic prices IPO at $36, above the range 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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