Shares of Altair Engineering Inc. , a product design and development, engineering software and cloud computing software company, surged 30% in their first minutes of trade Wednesday, after the company priced its IPO at $13, the top end of its price range. Troy, Mich.-based Altair sold 12 million shares to raise $156 million. The stock is trading on the Nasdaq under the ticker symbol “ALTR.” It was last up $4 at $17, while the S&P 500 was up 0.3%.
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