Shares of Appian Corp. were soaring 36% midday Thursday after the software company’s debut on the Nasdaq. Appian, which provides a software development platform for organizations, sold 6.25 million shares at $12 each to raise $75 million. Appian recorded revenue of $132.9 million in 2016, up from $111.2 million in 2015 on top of net losses of $12.5 million in 2016, wider than a net loss of $7 million in 2015. Appian has granted its underwriters a 30-day option to buy an additional 937,400 shares of common stock. Morgan Stanley, Goldman Sachs & Co and Barclays were the lead underwriters on the offering.
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