“We bring shareholders together with their money”

By Valoo team

October 8, 2022

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Monday.com, the developer of a workplace collaboration and management platform, said shares would start trading on the Nasdaq on Thursday after the pricing of its initial public offering of shares to raise $574 million at a valuation of about $6.8 billion.

The company said in a statement that it had sold 3.7 million ordinary shares to the public at the price of $155 per share, above its target price. The company had said originally it was targeting a price range of $125 to $140 a share.

The firm has granted the underwriters a 30-day option to purchase up to an additional 370,000 ordinary shares at the initial public offering price.

The IPO gives the firm a market value of some $6.8 billion, based on the outstanding shares listed in filings to the US Securities and Exchange Commission. Including stock options, the company’s diluted value is more than $7.8 billion, Bloomberg said.

The breach apparently occurred sometime early last year, after which collections of T-Mobile customer data were put up for sale on various criminal forums.

Monday.com, the developer of a workplace collaboration and management platform, said shares would start trading on the Nasdaq on Thursday after the pricing of its initial public offering of shares to raise $574 million at a valuation of about $6.8 billion.

The company said in a statement that it had sold 3.7 million ordinary shares to the public at the price of $155 per share, above its target price. The company had said originally it was targeting a price range of $125 to $140 a share.

The firm has granted the underwriters a 30-day option to purchase up to an additional 370,000 ordinary shares at the initial public offering price.

The IPO gives the firm a market value of some $6.8 billion, based on the outstanding shares listed in filings to the US Securities and Exchange Commission. Including stock options, the company’s diluted value is more than $7.8 billion, Bloomberg said.

Image Credits: Justin Sullivan | Getty Images

 

Monday.com, the developer of a workplace collaboration and management platform, said shares would start trading on the Nasdaq on Thursday after the pricing of its initial public offering of shares to raise $574 million at a valuation of about $6.8 billion.

Read more: www.forbes.com

By Valoo team

October 8, 2022

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