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Bad Time for an IPO? Don't Tell Zendesk

Bad Time for an IPO? Don't Tell Zendesk

2014-16-May-Zendesk-IPO.jpgIf anyone tried to convince Zendesk cofounder and CEO Mikkel Svane that now was the wrong time for an enterprise, SaaS company to go public, it’s good he didn’t listen.

Yesterday the company’s shares opened for trade on the New York Stock Exchange, under the ticker symbol ZEN, at $9 each — directly in the middle of its projected $8 to $10 range — and ended the day at $13.43, more than 49 percent above where they started.

It’s estimated that the cloud help desk provider raised $100 million which it will use to build on its success and accelerate its growth.

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