Thursday, May 17, 2018

Pluralsight Sees IPO Pop, Up Over 30 Percent In Initial Trading

Farmington, Utah-based Pluralsight had its IPO this morning on the NASDAQ Global Select Market, and was trading up over 30 percent in the initial hours of trading as a public company. The company priced its IPO late last night at $15.00 per share--well over its already increased IPO range of $12.00 to $14.00 per share--and was trading up over 32 percent at around $19.82 in morning trading this morning. The company is trading as PS. The booming reception to Pluralsight's IPO came even after Pluralsight upped its IPO range from an earlier, $10.00 to $12.00 per share, indicating insitutional investors were very receptive to the company's efforts to go public. Pluralsight operates an online learning resources for technical skills and certification. The IPO is a huge win for Pluralsight's biggest investor, Insight Venture Partners.