PagerDuty (PD) IPO Opens 53% Higher

Today's IPO for PagerDuty, Inc. (NYSE: PD) opened for trading at $36.75 after pricing 9,070,000 shares of common stock at a price to the public of $24.00 per share. PagerDuty is offering 8,500,000 shares and the selling stockholders are offering 570,000 shares.

In addition, PagerDuty has granted the underwriters a 30-day option to purchase up to 1,360,500 additional shares of common stock to cover over-allotments, if any, at the initial public offering price less underwriting discounts and commissions.

Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are acting as lead book-running managers for the offering. RBC Capital Markets, LLC and Allen & Company LLC are acting as joint bookrunners. KeyBanc Capital Markets Inc., Piper Jaffray & Co., William Blair & Company, L.L.C. and BTIG, LLC are acting as co-managers for the offering.

PagerDuty is a global leader in digital operations management.

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