initial public offerings (IPOs) trading on American exchanges

Thursday, September 17, 2020

JFrog (FROG) began trading on the Nasdaq on Wed 16 Sept 20

JFrog Ltd. provides DevOps platform to achieve continuous software release management platform enabling organizations to deliver software updates across any system. Its platform acts as bridge between software development and deployment, which enable organizations to build and release software faster. JFrog’s DevOps platform is available as open-source, self-managed, and SaaS services on AWS, Microsoft Azure, and Google Cloud. The company serves technology, financial services, retail, healthcare, and telecommunications organizations.
  • Sector(s): Technology
  • Industry: Software—Application
  • Founded in 2008 in Israel
  • CEO Shlomi Ben Haim
  • HQ: Sunnyvale, California
Priced 11.6 mln share IPO at $44.00 per share, above the expected range of $33-37
Closed +47% to $64.79, putting the market value at $6.6 billion. The company raised $352 million.

JFrog focuses on a growing niche called developer operations, or DevOps, which aims to streamline software development and management within organizations. 

The company's platform powers what it calls continuous delivery of software updates, helping to get new software versions to end customers more quickly and reliably.

The company says that covid-19 has increased the urgency of fast, reliable software updates -- and demand for its platform. 

"Every company is a software company today ... that is evident and clear," JFrog Chief Technology Officer Yoav Landman said. "You’ll be eaten by your competition if you can't release software versions fast enough." 

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