SHARE
Shares of Monday.com Ltd. rose more than 10% in their trading debut on the Nasdaq today, following an initial public offering that surpassed expectations and raised $574 million.
The company is now worth more than $6.8 billion.
Israel-based Monday.com provides a popular project management platform of the same name that is used by employees at Adobe Inc., Coca Cola Co., Unilever PLC and other major brands. The platform enables workers to track the progress of a project in a cloud-based dashboard.
In the Monday.com interface, workers can see what tasks have to be done to complete the project. The platform allows users to customize how the interface displays tasks according to their requirements. Monday.com can display tasks on a list, a map, a timeline that also shows the specific order in which the individual to-do items have to be performed, and in various other formats.