December 09 - 11:12
Software company HashiCorp raises $1.7bn in IPO
Infrastructure-as-a-code HashiCorp has raised $1.2bn in its initial public offering, after pricing 15m shares at $80 each, well above its initial range of $68 to $72 per share. The IPO values HashiCorp at a cool $14bn. HashiCorp sells software that’s used by enterprises to automate the management of their information technology infrastructure. Its customers include ABN AMRO and Mercedes-Benz.
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