Everbridge’s first day as a publicly traded company is in the books: Wall Street investors bid up its stock by more than 20 percent.
The Burlington, MA-based company (NASDAQ: [[ticker:EVBG]]) closed at $15.25 per share. That’s 27 percent higher than the company’s initial $12 pricing last night, and it’s nearly 24 percent above the $12.30 price at the opening bell Friday morning.
Everbridge, which sells emergency communications software, is the second Boston-area tech company to go public in 2016. Acacia Communications (NASDAQ: [[ticker:ACIA]]) was the first.
Author: Jeff Bauter Engel
Jeff, a former Xconomy editor, joined Xconomy from The Milwaukee Business Journal, where he covered manufacturing and technology and wrote about companies including Johnson Controls, Harley-Davidson and MillerCoors. He previously worked as the business and healthcare reporter for the Marshfield News-Herald in central Wisconsin.
He graduated from Marquette University with a bachelor degree in journalism and Spanish. At Marquette he was an award-winning reporter and editor with The Marquette Tribune, the student newspaper. During college he also was a reporter intern for the Muskegon Chronicle and Grand Rapids Press in west Michigan.
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