Shares: Pager Duty

shares: Late Tuesday, the company priced shares at 24 a piece to raise more than 200 million, after hiking its expected price to a range of 21 to 23 as early as last week; initially, the San Francisco company targeted a price of 19 to 21 for IPO shares, according to Market Watch. The stock touched an intraday high of 39.61. Shares of Pager Duty PD, -0.84% surged more than 59% to close at 38.25 Thursday, giving the company a valuation of 2.82 billion, according to Fact Set data. Pager Duty offers a subscription service that allows businesses to improve the constant interplay between software developers and operators so-called Dev Ops within their organization and lets them use real-time data to address incidents that occur. Read 5 things to know about the Pager Duty IPO Chief Executive and Chairwoman Jennifer Tejada, who owns a 5.7% stake in the company following the offering, said Pager Duty is looking to serve an estimated 25 billion market made up of about 22 million software developers whose job it is to make sure that every app on our phone or program on our PC is working the way it's supposed to and cut down on downtime. Competitors include Atlassian Corp.'s TEAM, 1.57% Ops Genie and Splunk Inc.'s SPLK, -0.19% Victor Ops products. (news.financializer.com). As reported in the news.