Rally Opens Strong on Wall Street with $400M Market Cap; Stock Up

the vast majority of companies are doing that. As a result of being able to file confidentially, it was a pretty orderly process. There were no real surprises,” Miller said.

Still, the process has been all-consuming, and over the past several months, “that’s all I’ve been focused on,” Miller said. He said he’s eager to return to Boulder and get back to the day-to-day work of running the company.

The Future

Miller said he expects the next few months to be comparatively quiet as Rally settles in to life as a public company. One task though will be making sure Rally preserves its corporate culture.

Rally has won repeated awards as one of the best places to work in Colorado—and the country—and among its perks is an option for long-time employees to take a six-week sabbatical. Rally has a headcount around 380 employees companywide.

Rally employees also are quite active in the community and support organizations like the Entrepreneurs Foundation of Colorado, which was given a small amount of equity and will benefit from the IPO.

Miller said he believes Rally will be able to maintain its culture, and that being a public company will allow it to increase its community involvement.

Rally’s IPO is the first for a Colorado-based software company in more than a decade, according to media reports.

Author: Michael Davidson

Michael Davidson is an award-winning journalist whose career as a business reporter has taken him from the garages of aspiring inventors to assembly centers for billion-dollar satellites. Most recently, Michael covered startups, venture capital, IT, cleantech, aerospace, and telecoms for Xconomy and, before that, for the Boulder County Business Report. Before switching to business journalism, Michael covered politics and the Colorado Legislature for the Colorado Springs Gazette and the government, police and crime beats for the Broomfield Enterprise, a paper in suburban Denver. He also worked for the Boulder Daily Camera, and his stories have appeared in the Denver Post and Rocky Mountain News. Career highlights include an award from the Colorado Press Association, doing barrel rolls in a vintage fighter jet and learning far more about public records than is healthy. Michael started his career as a copy editor for the Colorado Springs Gazette's sports desk. Michael has a bachelor’s degree in English from the University of Michigan.