Pivotal Software (PVTL) IPO Opens 12% Higher

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Go back to Pivotal Software (PVTL) IPO Opens 12% Higher

Pivotal Software, Inc. Prices Initial Public Offering

April 20, 2018 12:01 AM EDT

SAN FRANCISCO--(BUSINESS WIRE)-- Pivotal Software, Inc. (Pivotal) today announced the pricing of its initial public offering of 37,000,000 shares of its Class A common stock at a price to the public of $15.00 per share. Pivotal is offering 33,117,000 shares of its Class A common stock and General Electric, the selling stockholder, is offering 3,883,000 shares of Class A common stock (which represents approximately 20% of General Electrics position in Pivotal). Pivotal shares are expected to begin trading on the New York Stock Exchange on April 20, 2018 under the ticker symbol PVTL. The offering is expected to close on April 24, 2018, subject to customary closing... More