Shares of Tintri Inc. were trading above the company’s $7 issue price Friday morning as the stock made its debut on the Nasdaq. Tintri priced its offering at the low end of its $7 to $8 range Thursday, after seeing its price range slashed from the $10.50 to $12.50 it previously expected. Tintri raised about $60 million in the offering. Morgan Stanley & Co., Bank of America Merrill Lynch and Pacific Crest Securities were the lead underwriters on the offering.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
