MobileIron Jumps in Debut After Raising $100 Million in IPO
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MobileIron Inc., a maker of software that protects data accessed by employees on smartphones, gained in its debut after raising about $100 million in its initial public offering
MobileIron, based in Mountain View, California, surged 22 percent to $11.02 at the close in New York, giving it a market value of about $823 million. The company sold 11.1 million shares for $9 each in its IPO yesterday, according to data compiled by Bloomberg, after offering them for $8 to $10.