Cornerstone OnDemand (CSOD) IPO Surges Higher

March 17, 2011 11:23 AM EDT
The IPO for Cornerstone OnDemand (Nasdaq: CSOD) has surged after opening. Shares are trading at $19.02 after pricing 10,500,000 shares of its common stock at a public offering price of $13.00.

Goldman, Sachs & Co. and Barclays Capital Inc. are acting as the joint book-running managers for the offering.

Cornerstone OnDemand is a leading global provider of a comprehensive learning and talent management solution delivered as software-as-a-service (SaaS).


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