The Latest in IT Security

Shares of cloud-based software firm Five9 rise about 18 percent in debut

04
Apr
2014

(Reuters) – Shares of Five9 Inc, a cloud-based software provider for call centers, rose about 18 percent in its market debut, valuing the company at about $380 million. Five9, which competes with Cisco Systems Inc and Avaya Inc, raised as much as $70 million after its initial public offering of 10 million shares was priced at $7 per share, much below its expected price range of $9-$11. Five9’s shares opened at $7.95 and touched a high of $8.25. J.P. Morgan, Barclays and BofA Merrill Lynch were the lead underwriters to the offering. (Reporting by Avik Das in Bangalore)

Tags:  
Comments are closed.

Categories

THURSDAY, MARCH 28, 2024
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments