Coupa Software (COUP) IPO Opens Up 94%

October 6, 2016 10:49 AM EDT

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Hot IPOs, IPOs, Momentum Movers, Trader Talk

Related Entities

JPMorgan, Raymond James, Morgan Stanley, RBC Capital, JMP Securities, Barclays, IPO