糖心视频

DevOps platform 鈥檚 stock opened at $71.27 on Wednesday, nearly 62 percent above its IPO price.

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The company priced its shares at $44 on Tuesday, above the range it had set, and raised about $352 million in its IPO. The company initially set its price range to between $33 and $37 per share before raising it to between $39 and $41.

At $44 apiece, the company was valued at around $4 billion. JFrog ended up closing out its first day of trading at $64.79.

JFrog, which is based in Sunnyvale, California, reported $69.3 million in revenue for the first six months of this year, up about 50 percent year over year. Its losses came in at $426,000 for the first half of 2020, down 79 percent year over year.

Founded in 2008, JFrog has raised at least $226.5 million in funding from investors including and . Some of the largest shareholders in the company include those firms, plus , and .

Next, the company will be keeping its eyes open for acquisitions and is looking to expand in the internet of things market, JFrog co-founder and CTO Yoav Landman said in an interview with Crunchbase News.

Illustration: Li-Anne Dias