Monday.com's Stock Pops On First Day Of...

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Project management company Monday.com saw its stock open at $171.52 on Thursday, up nearly 12 percent from its initial public offering price.
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Project management company Monday.com saw its stock close at $178.87 on Thursday, 15 percent above its initial public offering price.

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The Tel Aviv-based company, which was founded in 2012, priced its shares at $155 apiece on Wednesday night, above the range of $125 to $140 it had set. Monday.com raised about $574 million through its IPO, and its stock opened at $171.52 on Thursday.

Monday.com reported $161 million in revenue in 2020, more than double the $78 million in…
Sophia Kunthara
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