- Software company Jfrog leapt 62% after raising $509 million in its upsized initial-public-offering on Wednesday.
- The technology tools provider, that counts the top 10 largest tech firms in the Fortune 100 as clients, priced 11.6 million shares at $44 each, valuing the company at about $5 billion.
- JFrog’s shares began trading on the Nasdaq Global Select market under the ticker symbol “FROG” on September 16.
- The company’s float joins a list of other hot tech IPOs this week, including billionaire-backed cloud unicorn Snowflake that raised $3.4 billion in its record-breaking software IPO.
- Visit Business Insider’s homepage for more stories.
American-Israeli technology provider JFrog soared 62% in its Nasdaq debut on Wednesday, after its upsized IPO raised $509 million.
The “liquid software” company’s shares traded as high as $77 after it priced 11.6 million shares at $44 each. The stock closed at $64.79, valuing JFrog at $5.7 billion.