SimilarWeb Debuts on New York Stock Exchange
Fintech firm SimilarWeb opened below its suggested price of $22 per share, but rose in the afternoon.
Author:
May 12, 2021 3:54 PM EDT
Shares of Israeli fintech firm SimilarWeb were up and down after the stock opened at $20.76 on the New York Stock Exchange Wednesday afternoon.
The company s $176 million initial public offering had been priced at $22 per share, above its $19 to $21 offering range.
SimilarWeb shares fell as low as $19.75 Wednesday but were trading as high as $21.76 in the afternoon.
The company analyzes financial data from billions of interactions across websites and apps and provides insights.
The Tel Aviv company grew revenue by 32% in 2020 to $93.5 million. The company had a net loss of $22 million last year. The company says it sees a market opportunity of $34 billion.
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ON24, which provides webinar and virtual event experiences, debuted publicly this week and is valued at nearly $3 billion as of Friday. Shares for the digital experience software platform jumped to 54% after opening on the New York Stock Exchange Wednesday and has raised nearly $430 million. It has traded as high as $81.98 per share.
The company is naturally benefiting from the rise in virtual events in webinar as the world shuttered because of COVID-19 and sent businesses into a global digital pivot for how they run physical events. Marketers have turned more than ever to webinar software platforms for producing lead-generating webinars. Event planners need software to support live and recorded virtual events, which, one year after the pandemic shutdowns, is still where the industry stands and likely will, well into 2021.
February 3, 2021
By Alex Vuocolo
ON24 ($ONTF), the webinar and virtual event platform, started trading on the New York Stock Exchange Wednesday afternoon at $77 per share a 54 percent jump from the initial offering price and a sign that last year s hot IPO market is continuing into 2021.
The San Francisco-based company hosts virtual events for B2B engagement. It counts Reuters, SoftBank, GE, Bank of America, Nvidia, Morgan Stanley, and the NYSE itself, to name a few, among its biggest customers. The impact of coronavirus has fueled the adoption of the platform. The future is all about digital engagement, co-founder and CEO Sharat Sharan told Cheddar. Companies have gone through 10 years of digital transformation in 10 months.
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