DoubleVerify Holdings Inc.'s /zigman2/quotes/226063917/composite DV -11.39% public debuted received cheers from investors, as the New York-based digital media measurement software company's stock opened 29.6% above its initial public offering price. The company said late Tuesday that its IPO priced at $27.00 a share, at the top of the expected range, as it raised $232.9 million and selling shareholders raised $127.1 million. The stock's first trade was at $35.00 at 11:02 a.m. Eastern for 1.8 million shares. At that price, the company was valued at about $5.44 billion. The stock has pared some gains since the open, to trade up 26.6% at $34.17. The company went public at a time of recent tempered investor enthusiasm for IPOs, as the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -1.35% hsa dropped 10.5% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.22% has gained 7.8%.