MuleSoft, Inc. priced its initial public offering at $17 a share late Thursday, above its $14 to $16 range. The company sold 13 million shares to raise $221 million. With the $17 price range, MuleSoft’s market capitalization would be $2.14 billion, compared with its latest private valuation of $1.5 billion. Shares are expected to start trading Friday on the New York Stock Exchange under the symbol “MULE.” Underwriters can buy an additional 1.95 million shares to cover over-allotments. Goldman, Sachs & Co and J.P. Morgan Securities are the lead underwriters on the offering.
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