Coding platform GitLab lifts IPO pricing range, eyes nearly $10 bln valuation
The Hindu
Goldman Sachs & Co, J.P. Morgan and BofA Securities are the lead underwriters for the offering.
Coding platform GitLab Inc is now targeting a valuation of $10 billion in its U.S. listing after raising the price range for its initial public offering, as demand for high-growth companies stays robust despite recent stock market gyrations.
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The company said on Tuesday it would look to sell its shares between $66 and $69 each, compared with an earlier range of $55 and $60 per share. The IPO will raise $717.6 million at the top end of the new range.
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