GitLab (GTLB) IPO Opens 22% Higher, Valuing Stock at $13.5 Billion
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GitLab IPO: GTLB Stock Continues to Edge Higher in Pre-Open After Gaining 35% on Market Debut
October 15, 2021 5:49 AM EDTThe GitLab (NASDAQ: GTLB) stock price is up a further 4% in pre-open Friday after the company made a much-awaited stock market debut Thursday.
Shares of the company were priced at $77.00 per share late Wednesday, higher than the previously indicated range of $66.00 to $69.00 per... More
GitLab Inc (GTLB) Prices 10.4M Share IPO at $77, Above the Expected $66-$69 Range
October 14, 2021 5:40 AM EDTGitLab Inc. (NASDAQ: GTLB), the provider of The DevOps Platform, announced today the pricing of its initial public offering of 10,400,000 shares of its Class A common stock at a public offering price of $77.00 per share. The offering consists of 8,420,000 shares of Class A common stock to be sold by GitLab Inc. and 1,980,000 shares of Class A common stock to be sold by an existing stockholder affiliated with Sytse Sid Sijbrandij, Gitlab Inc.s Co-founder, Chief Executive Officer, and Board of Directors Chair (the Selling Stockholder). Gitlab Inc. will not receive any proceeds from the sale... More
