WalkMe slides below IPO price on larger Q4 loss

Walkme

17/02/2022 18:34

** U.S.-listed shares of Israel-based software publisher
WalkMe Ltd  WKME.O  drop as much as 26.2% to $12.62, far below
the IPO price of $31 after larger Q4 loss
    ** WKME among top pct losers on the Nasdaq
    ** Stock set for worst day since IPO in June last year
    ** Co reported Q4 results after markets closed on Wednesday;
net loss attributable to co widened to $26.48 mln from a loss of
$17.8 mln a year earlier, as operating expenses rose 
    ** Total revenue, however, rose 37% y/y to $53.3 mln,
primarily driven by higher subscription revenue  urn:newsml:reuters.com:*:nGNX1K5SrX
    ** YTD, shares down ~35%

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