Carbon Black stocks close 26 percent up on first day of public trading
Cloud-based endpoint security company Carbon Black started trading shares on the Nasdaq on Friday, closing at 26 percent above its initial public offering price of $19 per share. In a filing with the Securities and Exchange Commission, Carbon Black said that it is hoping to raise $152 million in its initial public offering by selling 8 million shares. It had set its price range between $17 and $19 — after upping it from a previous filing — and opened on Friday to trades of about $24.50 per share. Stocks were at $23.94 when markets closed at 4 p.m. EDT. Carbon Black, Inc. is a security company based in Waltham, Massachusetts and was founded in December 2007. @carbonblack_inc #CarbonBlackIPO #CBLK⚡️ pic.twitter.com/jgkGBBazjM — Nasdaq (@Nasdaq) May 4, 2018 The Waltham, Mass., company has yet to turn a profit, but reports consistent increases in revenue in its SEC filings: $162 million in 2017, up from $116.2 million in 2016 and $70.6 […]
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