news

RingCentral Delivers a Hot-Shot IPO

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.

RingCentral says its cloud solutions free people to work the way they want in today’s mobile world. The company, which sells through channel partners, claims to help more than 300,000 customers "thrive in a new world of work."

Follow senior online managing editor @Craig_Galbraith on Twitter.


Leave a comment

Your email address will not be published. Required fields are marked *

Polls

How do you approach customer MPLS networks in the age of SD-WAN?

View Results

Loading ... Loading ...
The ID is: 87107