initial public offerings (IPOs) trading on American exchanges

Tuesday, April 9, 2019

PagerDuty (PD) hikes pricing range ahead of IPO

PagerDuty (PD) late Tuesday hiked the pricing range for its initial public offering, according to a filing with the Securities and Exchange Commission.

The San Francisco-based cloud computing company set its pricing range at $21 to $23 a share, up from its previous range of $19 to $21 a share set on April 1. With a possible 10.4 million shares to be sold, including the nearly 1.4 million to cover overallotments, the company could potentially raise up to $239.9 million, giving the company a valuation of $1.72 billion.

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