Cybersecurity
CyberArk Breaks Israel’s Security IPO Silence With Surge
This article is for subscribers only.
CyberArk Software Ltd. rallied 87 percent in its New York trading debut after becoming the first Israeli cybersecurity company to go public in the U.S. since 1999.
The company raised $85.8 million in an initial public offering yesterday, selling 5.36 million shares for $16 apiece. CyberArk initially marketed its stock in a range of $13 to $15 a share, according to regulatory filings. The shares rose to $29.94 today.