Asana is valued at $5.5 billion after direct listing debut

Published on:

Workplace management software maker Asana attained a market value of about $5.5 billion after a direct listing, one of two Wednesday to go public via the initial public offering alternative.

Shares of San Francisco-based Asana, which didn’t sell any shares, opened trading in New York at $27 apiece and closed up 6.7% from that price at $28.80 a share. The $5.5 billion valuation is based on a fully diluted share count.

Palantir Technologies, the data-mining company founded by billionaire Peter Thiel, also went public via a direct listing on Wednesday, with its shares falling 5% from its opening price to

Read more    Source: fortune.com

Leave a Reply