Israel’s monday.com valued at nearly $7.6 bln in Nasdaq debut – Reuters
- Date: 11-Jun-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Israel’s monday.com valued at nearly $7.6 bln in Nasdaq debut – Reuters
Shares of monday.com Ltd (MNDY.O) jumped nearly 12% in their Nasdaq debut on Thursday, giving the Israeli work management company a market capitalization of about $7.6 billion.
The company's shares opened at $173.15, compared with their initial public offering (IPO) price of $155 per share.
Tel Aviv-based monday.com sold 3.7 million shares in its IPO, raising about $574 million.
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