HashiCorp Inc. rose 6.5% in its trading debut after raising $1.2 billion in an initial public offering priced above a marketed range, adding to the year’s lengthy roster of software listings.
The San Francisco-based company, whose shares opened trading Thursday at $81.16, had sold 15.3 million shares for $80 after marketing them for $68 to $72. The shares closed at $85.19, giving the company a market value of almost $15 billion. Accounting for employee stock options and restricted stock units, the company has a fully diluted value of more than $17 billion.
