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Big data firm Sumo Logic's shares surge 21% in Nasdaq debut

Shares of Sumo Logic Inc jumped 21% in their Nasdaq debut on Thursday, after the big data firm raised $325.6 million in its initial public offering.

Sept 17 (Reuters) - Shares of Sumo Logic Inc SUMO.O jumped 21% in their Nasdaq debut on Thursday, after the big data firm raised $325.6 million in its initial public offering.

The company's stock opened at $26.64 per share compared with the IPO price of $22 per share.

(Reporting by Niket Nishant in Bengaluru; Editing by Shinjini Ganguli)

((Niket.Nishant@thomsonreuters.com;))

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

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