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.