SolarWinds prices downsized IPO at $15 a share
|10/19/2018||Posted by BusinessMediaguide.Com under General World News||
- SolarWinds cut the size of its initial public offering.
- The IT-management-software maker sold 25 million shares at $15 apiece, raising $375 million.
- Shares will trade under the ticker “SWI.”
SolarWinds had a disappointing start to its time as a public company.
The IT-management-software maker cut the size and price of its initial public offering, announcing the pricing of 25 million shares at $15 apiece. SolarWinds raised $375 million through its share sale. It had initially expected to sell 42 million shares for between $17 and $19 apiece.
Shares are indicated to open for trading between $15.50 and $16.50, according to Bloomberg.
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