Domo (DOMO) IPO Opens Higher 13% Higher

Today's IPO for Domo, Inc. (Nasdaq: DOMO) opened for trading at $23.80 after pricing of its initial public offering of 9,200,000 shares of Class B common stock at a price to the public of $21.00 per share.

In addition, Domo has granted the underwriters a 30-day option to purchase up to an additional 1,380,000 shares of Class B common stock at the initial public offering price.

Morgan Stanley & Co. LLC, Allen & Company LLC, Credit Suisse Securities (USA) LLC and UBSSecurities LLC are acting as the joint book-running managers for the offering. Cowen and Company, LLC, JMP Securities LLC and William Blair & Company, L.L.C. are acting as co-managers for the offering.

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