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Coupa Surges After Shares in IPO Price at Top of Increased Range

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Coupa Software More Than Doubles in IPO

Coupa Software Inc. more than doubled in its trading debut, after the company priced the shares in its initial public offering at the high end of an increased range.

The stock surged 109 percent to $37.65 as of 11:16 in New York, giving the company a market value of about $1.8 billion. The shares are listed on the Nasdaq Stock Market under the symbol COUP.