Citi Ventures-backed Braze priced the offering above its range and it valued the customer engagement software producer at almost $5.9bn.
US-based customer engagement technology provider Braze is floating on the Nasdaq Global Select Market today in a $520m initial public offering representing an exit for financial services firm Citi.
The offering involved the company issuing 6.7 million shares priced at $65.00 each, above the $55 to $60 range it had set last week. Venture capital firm Interwest Partners divested a further 1.3 million shares to raise $84.5m and the price values Braze at nearly $5.9bn.
Braze’s software allows businesses…
