real-time news and commentary for investors
Friday, Sep 27
RingCentral surges following IPO
- RingCentral's (RNG) IPO is going better than Violin Memory's. After pricing its 7.5M-share offering at $13 last night, the VoIP/Web conferencing services firm opened at $17.25 and is currently at $18.12, up 39.4%. That's good for a market cap of $1.1B.
- Rival 8x8 (EGHT -1.8%), which had rallied over the last month and closed yesterday near its 52-week high, is selling off a bit today.