Monday.com jumps in U.S. stock market debut

monday.com

10/06/2021 18:47

** Shares of Israeli work management company monday.com
 MNDY.O  jump over 10% to $172 in Nasdaq debut
    ** MNDY opened at $173.15, nearly 12% above the IPO price of
$155 per share  urn:newsml:reuters.com:*:nL3N2NS3SE
    ** Co had a market capitalization of about $7.6 billion at
the open
    ** MNDY sold 3.7 million shares in its IPO, raising about
$574 million
    ** Co operates a cloud-based platform that allows
organizations to build software, applications and work
management tools based on their needs
    ** Goldman Sachs, J.P. Morgan, Allen & Co and Jefferies were
among MNDY's IPO underwriters 

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))