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Let’s dive in and see where they’re at.

Most recently, Datadog and Ping went public this week. Pricing above and at the midpoint of their respective ranges, they both saw their stocks surge on their first day of trading.

New York-based Datadog started trading on the public markets on Thursday after setting its price at $27 per share on Wednesday. The company’s stock opened at $40.35, nearly 50 percent higher than the price it set. Datadog’s stock closed at $37.55 on its first day of trading.

Denver’s Ping Identity closed its first day of trading Thursday at $20.11 after pricing on Wednesday at $15 per share. Its stock opened at $18.75, 25 percent higher than where it priced.

At first blush, this is the ideal outcome for tech companies and their private market counterparts. The public market has, at least for now, proven to have an exceptional appetite for companies that are growing fast. Yet the significant pops over also signal that quite a bit of money has been left on the table. But the alternative, which is pricing too high, certainly comes with a touch more embarrassment, as SmileDirectClub has found out.

The Nashville-based DIY teeth straightening company priced its shares at $23 apiece before it started trading publicly last week. Its stock closed 28 percent below its price on its first day of trading and still hasn’t hit the $23 per share price the company thought it was worth. SmileDirectClub’s stock closed at $18.64 per share on Thursday.

Cloudflare’s had a pretty good near-week on the public markets so far. The company priced its shares at $15 apiece and opened at $18 per share on its first day of trading last week. Cloudflare’s stock was trading at $18.75 at the close of markets on Thursday.

We’ll continue to track late-stage companies’ IPOs as they come (Peloton next week!)

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Ping priced its shares at $15 each on Wednesday after setting a price range of $14 and $16 per share. Its pricing felt conservative, right in the middle of its range. This was likely due to its slower growth rate when compared to some other, recent offerings.

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A 25 percent first-day pop is not uncommon in the IPO markets, but it’s an increasingly unpopular result. In prior times, a similar jump from an IPO share price would have been viewed as a success; today, private investors are worried that money is being left on the table. If Ping had priced higher by a few dollars per share, still less than it trades for today, the company could have added eight-figures to its balance sheet at the cost of zero dilution.

Market exuberance could play a part, however. Datadog, another enterprise-focused tech IPO is up an even sharper 50 percent this morning.

Ping raised in its IPO before trading started began on Thursday. Its stock was trading at $18.66 around 1:30 p.m. EST.

Ping had an interesting path to the public markets. The company was once a venture-backed startup that raised $128.3 million in funding from investors like and . But it was acquired by Austin’s for $600 million in 2016.It has been a rumoredIPO since last year.

Ping reported that its revenue grew from $99.5 million in the first half of 2018 to $112.9 in the first half of 2019. Its net losses shrank from $5.8 million to $3.1 million in that same time frame.

We’ll be back for an update on its closing price later this afternoon. (Check out Datadog’s performance results here, if you are into the IPO markets.)

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