Economics

Splunk CEO at Twice Zuckerberg’s Age Sees Stock Double in Debut

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Splunk Inc.’s Godfrey Sullivan doesn’t fit the profile of the young hotshot Silicon Valley executive. At age 58, he’s been in the technology industry longer than Facebook Inc.’s Mark Zuckerberg has been alive.

Investors are more focused on what the executives have in common: initial public offerings. Splunk, which makes software that helps companies analyze data, more than doubled in its debut yesterday, valuing the company at $3.28 billion. For Chief Executive Officer Sullivan, the IPO follows three decades in technology, including 11 years at Apple Inc. and the $3.3 billion sale of Hyperion Solutions Corp.