Andreessen-backed tech unicorn PagerDuty prices IPO above the upwardly revised range at $24
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 Andreessen-backed tech unicorn PagerDuty prices IPO above the upwardly revised range at $24 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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