MobileIron surges in debut after garnering $100 mn via IPO
13/06/2014 12:30
California-based software company MobileIron Inc. has raised nearly USD 100 million from its initial public offering (IPO). MobileIron, which is a mobile IT provider to large corporations, surged in its debut on the NASDAQ that is the most preferred exchange for listing of technology companies. The Mountain View California based company jumped 22 per cent to USD 11.02 at close in New York. At this price, the market value of the company stands at USD 823 million. Via an initial public issue, the company sold 11.1 million shares for USD 9 each. MobileIron Inc. makes software that protects data accessed by employees on smartphones.
13/06/2014 12:30
California-based software company MobileIron Inc. has raised nearly USD 100 million from its initial public offering (IPO). MobileIron, which is a mobile IT provider to large corporations, surged in its debut on the NASDAQ that is the most preferred exchange for listing of technology companies. The Mountain View California based company jumped 22 per cent to USD 11.02 at close in New York. At this price, the market value of the company stands at USD 823 million. Via an initial public issue, the company sold 11.1 million shares for USD 9 each. MobileIron Inc. makes software that protects data accessed by employees on smartphones.
