Denver email technology company SendGrid Inc. will sell more shares at a higher-than-expected price as it becomes Colorado’s newest public company at the start of today's trading on the New York Stock Exchange.
SendGrid priced its stock at $16 per share — above the top price of $15.50 the company predicted — and added 575,000 more shares that underwriters could sell into the IPO, according to a filing to the U.S. Securities and Exchange Commission late Tuesday night.
SendGrid share will trade under the stock ticker symbol “SEND.”
The company is poised to raise $124 million from the IPO, after underwriters' payments and if an optional over-allotment of shares is exercised.
Read more at the Denver Business Journal: http://bit.ly/2zJBkFH
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