The Google and Salesforce-backed sales and marketing software company floated at $25.00, substantially higher than its $19 to $21 range.
US-based sales and marketing software developer HubSpot raised $125m in an upsized initial public offering on the New York Stock Exchange yesterday.
HubSpot issued 5 million shares priced at $25.00 each, well above the $19-$21 range set last week. It will use $18m to repay an outstanding line of credit, but the rest of the proceeds are yet to be allocated.
The company had raised over $100m in funding prior to the IPO from backers including Google Ventures,…
