Cloud business communications solutions provider RingCentral got off to a red-hot start on its first day as a publicly traded company.
The company's initial public offering on the New York Stock Exchange was $13 per share. By 2:25 p.m. ET, it had shot up more than 43 percent, to $18.60. No doubt raising more than 97 million dollars for the IPO helped get things started off right for San Mateo, Calif.-based RingCentral.
Follow senior online managing editor @Craig_Galbraith on Twitter.