Coupa Software (COUP) IPO Opens Up 94%

October 6, 2016 10:49 AM EDT

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Today's IPO for Coupa Software (NYSE: COUP) opened for trading at $35 after pricing 7,400,000 shares of its common stock at a price to the public of $18.00 per share, the high end of the expected $16-$18 range.

The offering was underwritten by Morgan Stanley, JPMorgan, Barclays, RBC Capital, JMP Securities, and Raymond James.

Coupa Software Incorporated provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. Coupa’s platform delivers “Value as a Service” by helping businesses maximize their spend under management, achieve significant cost savings and drive profitability.



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