Q&A: Samsara’s journey from the cloud to the Street

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...

https://www.freightwaves.com/news/inqa-samsara-journies-from-the-cloud-to-the-street

Leave a Comment