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Read more: Rally Software's stock rallies after IPO - FierceEnterpriseCommunications http://www.fierceenterprisecommunications.com/story/rally-softwares-stock-rallies-after-ipo/2013-04-15#ixzz2QYJWnOhD
On Friday, enterprise software firm Rally Software raised $84 million in an initial public offering (IPO) and saw its shares jump more than 28 percent in its first hour of trading.
The firm offered 6 million shares of common stock priced at $14 per share for the IPO. The stock price then jumped to $18 per share in the first hour of trading, reached a high of $18.25, then closed at $17.96 per share on Friday.
Rally, which provides cloud-based Agile project management software to enterprises, had expected to raise only $70 million through the IPO, according to an S-1 form filed with the Securities and Exchange Commission in March.
Read more: Rally Software's stock rallies after IPO - FierceEnterpriseCommunications http://www.fierceenterprisecommunications.com/story/rally-softwares-stock-rallies-after-ipo/2013-04-15#ixzz2QYJWnOhD
