The application development software provider has closed its initial public offering, with Zoom and Salesforce having bought $150m of shares.
Monday.com, the US-based software development platform operator that now counts enterprise software producer Salesforce and video communication software provider Zoom as investors, closed its initial public offering at $631m yesterday.
The corporates each purchased $75m of shares in a private placement alongside the offering, which involved Monday issuing an initial 3.7 million shares on the Nasdaq Global Select Market last week priced at $155.00 each.
The underwriters subsequently took up the option to buy another 370,000 shares to…
