HashiCorp Shares Rise in Latest Open-Source IPO, Minting New Billionaire

HashiCorp Shares Rise in Latest Open-Source IPO, Minting New Billionaire

Shares of HashiCorp, the provider of public cloud and data centers infrastructure services, increased by almost 10% at its start of the NASDAQ Wednesday.

Stocks, trading under the “HCP” index, started trading at $ 81.16 per share and closed at $ 85.19, up 6.5% from its $ 80 IPO value. Based on the value of the offer, HashiCorp has a value of over $ 14 billion.

HashiCorp joins more than 100 technology companies already acquired by investors in US trading this year, in part a sign of the growing software market and the growth they saw during the Covid-19 epidemic. HashiCorp is headquartered in San Francisco but considers itself to be “far ahead,” with 1,500 international distribution staff.

Read More: forbes

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