Monday.com Jumps in Debut After Raising $574 Million in U.S. IPO
- Salesforce.com arm, Zoom Video each buy $75 million in shares
- Tel Aviv-based firm has market value of more than $7 billion
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Monday.com Ltd., the workplace management software maker, climbed in its U.S. trading debut after raising $574 million in an initial public offering.
Shares opened at $173.15 Thursday and traded as high as $182 apiece, or 17% above their IPO price of $155. The stock was trading at $171.48 at 1:39 p.m. in New York, giving Monday.com a market value of $7.5 billion.