July 29, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

: Kaltura stock indicated to open around $11.50, or 15% above the IPO Price

CS Disco stock soars out of the gate, valuing company at more than $2.5 billion

CS Disco Inc. kicked off its public life with a rally Wednesday, as shares of the Texas-based provider of legal document review and ediscovery services to law firms opened 41.4% above the initial public offering price. The company raised $224.0 million as the IPO priced at $32 a share, above the recently raised expected range of between $30 and $31 a share. The stock’s first trade was at $45.26 at 12:26 p.m. Eastern for 671,873 shares. At that price, the company was valued at $2.55 billion. The stock has pared some gains since the open, to trade up 37.5% at $44.00. The stock’s opening rally occurred on a relatively strong day for IPO shares, as the Renaissance IPO ETF rose 2.0% in midday trading while the S&P 500 tacked on 0.6%.

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