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Apigee (APIC) IPO Opens Up 18%

April 24, 2015 10:57 AM EDT

Today's IPO for Apigee Corporation (Nasdaq: APIC) opened for trading at $18 after pricing 5,115,000 shares of its common stock at a price to the public of $17 per share, the middle of the expected $16-$18 range.

Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are acting as joint book-running managers for the offering. Pacific Crest Securities, a division of KeyBanc Capital Markets Inc., JMP Securities LLC and Nomura Securities International, Inc. are acting as co-managers for the offering.

Apigee provides an intelligent API platform for digital business acceleration. Many of the world's largest organizations select Apigee to enable their digital business, including 20 of the Fortune 100, five of the top 10 Global 2000 retail brands, and six of the top 10 global telecommunications companies. Apigee customers include global enterprises such as Walgreens, eBay, Burberry, Shell, Live Nation, and First Data.



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Credit Suisse, JPMorgan, KeyBanc, Morgan Stanley, JMP Securities, Nomura, Pacific Crest Securities, IPO