Jfrog priced an initial public offering of 11.6 million shares at $44, according to sources close to the deal, above the recently increased price talk range of $39 to $41 a share. The original target range for the offering had been $33 to $37 a share. The stock opened at $71.27, up 62% from its offering price, and finished the day at $64.79, up 47%.
JFrog posted revenue for the six months ended June 30 of $69.3 million, up 50% from the prior period. For the full year ended Dec. 31, revenue was $104.7 million, up 65%.
JFrog posted revenue for the six months ended June 30 of $69.3 million, up 50% from the prior period. For the full year ended Dec. 31, revenue was $104.7 million, up 65%.