Today’s IPO for Talend S.A opened for trading at $27.66 after pricing 5,250,000 American Depositary Shares (ADSs), each representing one of its ordinary shares, at a price to the public of $18.00 per ADS.
This is an historic day for Talend, but also for the French “tech”. Friday, the software publisher has made his first public offering on the Nasdaq, the prestigious American market place dedicated to high-tech companies.
The NASDAQ confetti dropped Friday morning on what has become an unusual target: A Silicon Valley tech company. Shortly after Twilio hit it big by going public, a second straight tech IPO made big money for its investors.
Talend’s success on Wall Street this week can be attributed to two key decisions, its chief financial officer said on Friday as the Big Data integration software company’s stock soared in its first day of trading.