Samsara, a developer of the connected operations cloud, raised $805 million in its initial public offering Wednesday after pricing shares at $23 each, the top of the proposed range.
Shares began trading on the New York Stock Exchange under the ticker symbol IOT. The company’s valuation is around $11.5 billion.
Underwriters have the option to buy an additional 5.25 million shares, equaling $120.75 million in gross value.
San Francisco-based Samsara provides a connected cloud to modernize physical...
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