Cvent skyrockets following IPO

Cvent (CVT) shares opened at $38 and are currently at $37.26, up 77.4% from an IPO price of $21.

That gives the company a valuation of $1.44B, or a lofty 17x 2012 sales.

For reference, larger/slower-growing rival Active Network only has a market cap of $614M, and trades at a mere 1.5x 2012 sales.

IPO pricing/competition, S-1, 2012/Q1 results

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Comments (2)
  • Cfritter
    , contributor
    Comments (65) | Send Message
    Opened at $38.00 and now at $37.26...that's 77.4%?
    9 Aug 2013, 02:40 PM Reply Like
  • SA Editor Eric Jhonsa
    , contributor
    Comments (1163) | Send Message
    Up 77% from the IPO price. Edited the post to clarify.
    9 Aug 2013, 02:41 PM Reply Like
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