Dell's stake in the software release technology provider is sized at almost $490m following an initial public offering in which it floated well above its range.
JFrog, the US-based software release platform developer that counts computing technology producer Dell among its investors, went public yesterday in a $509m initial public offering on the Nasdaq Global Select Market.
The offering consisted of 8 million shares issued by JFrog and almost 3.7 million additional shares sold by its shareholders. They were priced at $44.00 each, comfortably above the IPO’s $33 to $37 range.
The company’s shares opened at $71.27 yesterday before closing at $64.79, giving it a…
