Elastic (ESTC) began trading on the NYSE on 5 October 2018

Elastic (ESTC) provides online search capabilities. Elastic is reported to be in competition with public cloud companies like Amazon.com (AMZN), Alphabet (GOOGL), and Splunk (SPLK).

• Priced 7 million shares at $36, above the increased $33-35 range, and up from an earlier price range of 26 to 29. 
• Opened for trading at $70 
• Raised $252 million 
• https://www.elastic.co/

Incorporated in The Netherlands and based in Mountain View, Calif., Elastic says its search technology finds information and insights from large amounts of data, available for a diverse set of applications and use cases.

The Service
Elastic is a search company that equips companies such as Walgreens Boots Alliance, Inc. (WBA), Uber, Adobe Systems Inc., (ADBE) and Sprint Corp. (S).

The company considers search to be foundational to a wide variety of experiences that are facilitated by the company's ability to instantly discover relevant information from large amounts of data.
"When you hail a ride home from work with Uber, Elastic helps power the systems that locate nearby riders and drivers," said Elastic's IPO prospectus. "When you look for a partner on Tinder, Elastic helps power the algorithms that guide you to a match."

Elastic Revenue Up 79%
For the three months ended July 31, Elastic reported revenue of $56.6 million, up 79% from the year-ago period. It had a net loss of $18.6 million in that period, vs. $9.9 million in the previous quarter.