- Associated Press - Friday, July 16, 2010

NEW YORK (AP) - Shares of business software company Qlik Technologies are leaping in their market debut after the company priced its initial public offering above expectations, suggesting strong demand.

The successful IPO helps set a brighter tone for the third quarter IPO market after companies struggled to raise money, or even make it to market, during the volatile second quarter.

Qlik Technologies Inc., based in Radnor, Pa., priced shares of its IPO at $10 each, above the expected range of $8.50 to $9.50. It raised $112 million.

The shares, trading Friday on the Nasdaq Global Market under the symbol “QLIK,” are rising $3, or 30 percent, to $13.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide