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Software Firm JFrog Hops 47% in Debut After $509 Million IPO

Shlomi Ben Haim, co-founder and CEO of JFrog, center, during the IPO on Sept. 16. — Shlomi Ben Haim, co-founder and CEO of JFrog, center, during the IPO on Sept. 16.
Photographer: David Paul Morris/Bloomberg

By

Crystal Tse and

September 15, 2020, 11:34 PM UTCUpdated onSeptember 16, 2020, 10:14 PM UTC

JFrog Ltd., which makes tools for software developers, rose 47% in its trading debut Wednesday after its initial public offering raised $509 million.

The shares traded as high as $77.00 after the company priced about 11.6 million of them at $44 apiece. The stock closed at $64.79 in New York, giving the company a market value of $5.7 billion.