GitlabIPO

The launch of the IPO of GitLab, which was co-founded by Kharkiv resident Dmytro Zaporozhets, on the Nasdaq stock exchange. After the first day of trading, shares rose 35% and GitLab’s market capitalization is $ 14.9 billion, reported CNBC.

The coding platform GitLab Inc is now targeting a valuation of $10 billion of its IPO and will expect to sell its shares between $66 and $69, compared with an earlier valuation of $55 and $60 per share.

So far, GitLab has attracted more than $ 400 million in investment. The initial public offering will take place on the US Stock Exchange NASDAQ. Placement will take place under the GTLB ticker. In 2019, the startup GitLab attracted $ 268 million, and its valuation rose to $ 2.7 billion. In 2020, according to CNBC, the company’s valuation rose to $ 6 billion.