Successful NASDAQ debut for Big Data start-up Talend
American big data start-up Talend entered the NASDAQ with a bang, with its share value increasing more than 50% .
Talend (trading code: TLND) had a very positive debut on the trading scene as its shares shot up 54% last Friday morning. The company produces open source software for data and big data management, organization and cloud integration.
At market opening, the start-up’s share value started up at $28, before droping to $24 and finally stabilizing at $25. The previous day, it had raised $94.5 million and had priced its shares at $18. This is well above the pricing range investors had predicted prior the market entry.
This is a positive sign for the IPO market, as Talend’s entry follows cloud communication Twilio‘s market debut last June. Other Silicon Valley talents are expected to emerge and enrich this market in the near future.