Deals
Insight-Backed WalkMe Falls in Debut after $287 Million IPO
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Digital platform provider WalkMe Ltd. fell 7.1% in its trading debut after a $287 million initial public offering.
WalkMe, backed by Insight Partners, initially rose as much as 2.1% on Wednesday from its $31 IPO price. The shares closed at $28.81 in New York trading, giving the company a market value of about $2.4 billion. Diluted to include employee stock options, WalkMe’s value exceeds $2.8 billion. The company was valued at $1.9 billion in a 2019 funding round, according to data provider PitchBook.