PagerDuty seeks $1.69 billion valuation in its upcoming IPO and raises its price range, even as Lyft falters on the public markets

Business Insider | 4/9/2019 | Becky Peterson
vegdancer18 (Posted by) Level 3
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On Tuesday, IT unicorn PagerDuty raised the price range for its upcoming IPO to $21 to $23 per share, up $2 from the figures it gave previously.

This throws some cold water on concerns that Lyft's unstable tenure as a public company might bring the whole market down.

End - Range - Company - Market - Cap

At the high end of this new range, the company would have a market cap of $1.69 billion at its IPO.

PagerDuty is expected to start trading Thursday on the New York Stock Exchange under the ticker PD.

IT - PagerDuty - IPO - Price - Range

IT unicorn PagerDuty raised its IPO price range Tuesday to $21 to $23 per share, up $2 from the figures it had originally reported when it filed to go public.

This throws some cold water on concerns that Lyft's unstable tenure as a public company may bring the whole IPO market down.

PagerDuty - CEO - Jennifer - Tejada - Thursday

PagerDuty, which is run by CEO Jennifer Tejada, is expected to start trading Thursday on the New York Stock Exchange under the ticker PD.

At the high end of this range, the company would have a market cap...
(Excerpt) Read more at: Business Insider
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