The edtech company’s shares opened at US$20, a 33% jump from the US$15 share price set in its initial public offering.
The company’s initial price range was between US$10 and US$12. It was increased to US$12 to US$14 range and then the final price was even higher than that at US$15.
The Utah-based company raised US$310.5mln in its IPO and is now valued at around US$1.97bn.
In a founder’s letter, CEO Aaron Skonnard reminisced about the start of the instructor-led training company.
“We were developers who were passionate about helping other developers. And after several years, we realized old-fashioned classroom training wasn’t cutting it. It didn’t allow us to move fast enough or reach developers at scale. We knew that as the pace of technology accelerated, the only way to keep up was with technology,” wrote Skonnard.