Software Maker Samsara Rises in Trading Debut After IPO Raises $805 Million
- Firm focused on Internet-of-things reaches $12 billion value
- Supply chain issues increasing demand for real-time data: CEO
A holiday ornament in front of the New York Stock Exchange (NYSE).
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Samsara Inc., adding to a record year for software listings, rose 7.4% in its trading debut after raising $805 million in an initial public offering at the top of a marketed range.
Shares of the Samsara, which sold for $23 in the IPO, opened trading in New York Wednesday at $24.90. They closed at $24.70, giving the company a market value of more than $12 billion.