GitLab Inc shares jumped about 35% above their offer price in their Nasdaq debut on Thursday, giving the software development platform a market capitalization of $14.9 billion, showing strong investor appetite for fast-growing software companies.
We want to congratulate Sid Sijbrandij, Dmitriy Zaporozhets, and the entire GitLab Inc. team on today’s IPO! GitLab Inc., from YC’s Winter 2015 batch, is YC’s first open-source company to go public, the first alum of the YC Growth Program to go public, and one of the earliest investments made by the YC Continuity Fund.