It s a good morning for Redwood City-based Talend, and for all the investors who have been waiting for signs that we might eventually see some Silicon Valley tech companies go public.
Shares of big data startup Talend jumped up 54 percent when the market opened Friday, a promising sign for the offering that marks only the second tech IPO to come out of Silicon Valley so far this year.
Talend raised $94.5 million Thursday, pricing its shares at $18. The company kicked off its first day of trading Friday at almost $28, before dipping to $24. By mid-morning shares were trading at $25.
Investors saw their first positive sign Thursday when Talend priced its shares above the expected $15 to $17 range.
Some industry experts are hoping Talend, which makes software that helps companies organize and consolidate their data, will be another catalyst to help jump-start the IPO market. After seeing no Silicon Valley tech IPOs in the first half of 2016, cloud communications startup Twilio broke the ice with a successful market debut last month.
Talend is trading on the NASDAQ under the symbol TLND.
Photo: Yahoo Finance tracks Talend s stock price Thursday morning. (Yahoo Finance)
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