Splunk prices IPO well above expected range -underwriter
April 18 (Reuters) - Data analytics software maker Splunk on Wednesday priced shares in its initial public offering at $17, significantly above the expected range, after upping the range earlier this week, according to an underwriter.
The San Francisco-based company priced 13.5 million shares, as planned, raising $229.5 million. It had raised its expected range to $11 to $13 from an earlier range of $8 to $10.
Splunk sold 12.5 million shares in the offering, with the remainder sold by existing shareholders.
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