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Sept. 16, 2020, 12:33 p.m. EDT

JFrog's stock debut's with a 62% leap above its IPO price

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By Tomi Kilgore

JFrog Ltd.'s stock /zigman2/quotes/220991554/composite FROG +11.65% started its public life by taking a big leap higher, as it opened 62.0% above its initial public offering price. The first trade for the Israel-based software company's stock was at $71.27 at 12.30 p.m. Eastern for 1.8 million shares, compared with the IPO price of $44, which was above the expected range of $39 to $41. The stock has since gained further, to trade up 75%. JFrog's public debut comes a busy week for IPOs, and on the same day shares of the largest-ever software IPO, Snowflake Inc. /zigman2/quotes/220991541/composite SNOW +7.42% , are expected to start trading. Despite the growing IPO supply, there is still strong demand from investors, as the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +3.70% has run up 25.6% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.16% has gained 9.2%.

/zigman2/quotes/220991554/composite
US : U.S.: Nasdaq
$ 66.69
+6.96 +11.65%
Volume: 4.75M
Nov. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.45 billion
Rev. per Employee
N/A
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/zigman2/quotes/220991541/composite
US : U.S.: NYSE
$ 303.02
+20.92 +7.42%
Volume: 2.91M
Nov. 25, 2020 7:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$78.06 billion
Rev. per Employee
N/A
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 60.47
+2.16 +3.70%
Volume: 217,096
Nov. 25, 2020 8:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,629.65
-5.76 -0.16%
Volume: 2.32B
Nov. 25, 2020 5:33p
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