Guidewire Software (GWRE) IPO Surges Higher
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Today's tech IPO for Guidewire Software (NYSE: GWRE) is surging higher.
Shares opened for trading on the big board at $16.75 per share after pricing 8,850,000 shares at a price to the public of $13 per share, above the expected $10-$12 range.
J.P. Morgan, Deutsche Bank and Citigroup acted as joint book-running managers for the offering and Stifel Nicolaus Weisel and Pacific Crest Securities are acting as co-managers.
Guidewire Software is a provider of core system software to the global property and casualty, or P&C, insurance industry.
Shares opened for trading on the big board at $16.75 per share after pricing 8,850,000 shares at a price to the public of $13 per share, above the expected $10-$12 range.
J.P. Morgan, Deutsche Bank and Citigroup acted as joint book-running managers for the offering and Stifel Nicolaus Weisel and Pacific Crest Securities are acting as co-managers.
Guidewire Software is a provider of core system software to the global property and casualty, or P&C, insurance industry.
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