monday.com (MNDY) IPO Opens 12% Higher

Today's IPO for monday.com Ltd. (NASDAQ: MNDY) opened for trading at $173.15 after pricing 3,700,000 ordinary shares at a price to the public of $155 per share, above the expected $125-$140 range.

Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers for the offering, with Allen & Company LLC and Jefferies acting as joint book-running managers. William Blair, Piper Sandler, Oppenheimer & Co., Canaccord Genuity, Cowen, Needham & Company, Academy Securities, Loop Capital Markets, Ramirez & Co., Inc., Siebert Williams Shank and Tigress Financial Partners are acting as co-managers for the offering.

The monday.com Work OS is an open platform that democratizes the power of software so organizations can easily build software applications and work management tools to fit their every need. The platform intuitively connects people to processes and systems, empowering teams to excel in every aspect of their work. monday.com has teams in Tel Aviv, New York, San Francisco, Miami, Chicago, London, Kiev and Sydney. The platform is fully customizable to suit any business vertical and is currently used by over 125,000 customers across over 200 industries in more than 190 countries.

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